Short Sale and Foreclosure Homes in Albuquerque NM

Short Sale and Foreclosure Homes in Albuquerque NM can present an opportunity to get a great deal on a property at times. If you categorically disqualify distressed properties you might miss out! Distressed sales tend to be priced from 5 to 25 % below market value. Also, keep in mind that not all Short Sale and Foreclosure Homes in Albuquerque NM are dumps and require a lot of work! Having helped many Buyers acquire distressed homes over the years, I have seen it all. From homes that need major rehab work to ones that are move in ready.

Look for hidden values

There may be absolutely nothing wrong with the property in foreclosure or sold in a short sale. The bank has discounted the home because it sells such properties as-is, without disclosures. If you do your homework, you can use this situation to your advantage. And should we learn of a major problem with the house, I can negotiate with the bank for a lower price.Don’t forget: Banks aren’t in the business of owning homes. They want these properties off their hands as soon as possible. Banks will take seriously any buyer who’s well-qualified and ready to close a deal.

Minimize risks

If you’re looking for a home in a market where inventory is tight, buying a home in foreclosure or short sale can be a great option. To minimize the risks involved in purchasing Short Sale and Foreclosure Homes in Albuquerque NM contact me today. Every bank has different rules and forms for their REO (Real Estate Owned) Inventory and I would be happy to help you with any property of interest to you.

November 2018 Foreclosure Report

$190,000
MLS # 986921
2 Beds
2 Baths
1,248 Sqft
Status: Active
Property Type: Detached
$85,000
MLS # 985936
2 Beds
1 Bath
850 Sqft
Status: Pending
Property Type: Attached
$273,000
MLS # 984836
3 Beds
2 Baths
2,186 Sqft
Status: Active
Property Type: Detached
$207,888
MLS # 983689
3 Beds
2 Baths
1,461 Sqft
Status: Active
Property Type: Attached
$252,500
MLS # 983282
3 Beds
2 Baths
2,236 Sqft
Status: Active
Property Type: Detached
$410,000
MLS # 982740
4 Beds
5 Baths
3,931 Sqft
Status: Pending
Property Type: Detached
$600,000
MLS # 978464
3 Beds
3 Baths
3,000 Sqft
Status: Pending
Property Type: Detached
$249,000
MLS # 974229
3 Beds
2 Baths
1,800 Sqft
Status: Pending
Property Type: Detached
$125,000
MLS # 974663
3 Beds
3 Baths
1,724 Sqft
Status: Active Under Contract
Property Type: Detached
$197,500
MLS # 969311
3 Beds
3 Baths
1,640 Sqft
Status: Active Under Contract
Property Type: Detached
$170,000
MLS # 967194
3 Beds
3 Baths
2,090 Sqft
Status: Active Under Contract
Property Type: Detached
$229,900
MLS # 964331
4 Beds
3 Baths
2,609 Sqft
Status: Active Under Contract
Property Type: Detached