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Foreclosed Properties
The lure of finding a home priced well below the current market value has made buying foreclosed homes appealing to buyers for a long time. Foreclosures come in all shapes and sizes from small starter homes to massive luxury mansions. While most people are aware of the many positives to buying a foreclosure there are also many potential pitfalls that need to be considered. When evaluating a particular foreclosed property it is important to have a REALTOR that is experienced in both the local market and in issues that commonly arise with foreclosed properties. There are many different types of foreclosures, including Bank Owned or REO properties, Government Foreclosures like HUD homes, Fannie Mae, Freddie Mac, and many others. Each of these different entities has its own requirements and procedures when selling property that they have acquired through foreclosure. For example, HUD sells their properties through a blind bidding format with set deadlines and with preferences for buyers that will occupy the property as their primary residence. One thing that is common to most foreclosures is that they are usually sold "as-is", with the bank making no guarantee as to the condition or functionality of the home. This makes evaluating the price and condition of the home critical. While a home inspection is always recommended when purchasing a home it is even more important when buying a foreclosure to have a full picture of what to expect from the home and the repairs that are and will be needed if any. When done the right way, buying a foreclosure can be a great experience. It is important to have the right people to advise you through every step of the process. The Homes For Sale In ABQ Team has extensive experience in representing banks and government entities in the sale of foreclosed properties and we have also represented many, many buyers in purchasing foreclosed homes. We know the local market, the process and procedures of foreclosed homes and what the pitfalls are and how to avoid them. If you are interested in purchasing a foreclosed property give us a call today to discuss a custom plan of how to meet your goals.
Foreclosed Properties For Sale
Single Wide is not structurally sound and has holes in the floors, walls & roof. Seller has no info on well or septic. Property sold as is.
- 3 Beds
- 2 Baths
WILL NOT LAST!!! Unique property has Guest House/In-Law Suite & Basement only blocks too UNM. The Main house on first floor has 3 bedrooms, 2 baths, and 2 living areas. ...
- 5 Beds
- 4 Baths
Great Owner Investor Property. 3 Units included. Owners unit offers 2 bedrooms the additional units are 1 bedroom 1 bath. Large parking area with mature trees. Home is ce...
- 1 Beds
- 1 Baths
Welcome to a little slice of paradise! This home has had a complete makeover! Over $100K in updates. All new heating and updated refrigerated air conversion completed. Al...
- 4 Beds
- 4 Baths
55 years and older community . Single level 2 bedroom, 1.75 bath with large Living room / Dining room combo. South facing back patio with access to park like walking tr...
- 2 Beds
- 2 Baths
'Under Contract Taking Backup Offers' Great investment opportunity. Open floor plan with large living room, kitchen with breakfast bar, large master bedroom, master bath...
- 3 Beds
- 2 Baths
Great Opportunity! Rural Property! Situated on a 2.5 acre parcel, this home features a permanent foundation* 3 bedrooms* 2 Full-Sized Bathrooms* 1680 sq ft Interior Livin...
- 3 Beds
- 2 Baths
Here is a great opportunity for some sweat equity. This home has a great, open floor plan. This gem features 3 bedroom, 2 baths, and a 2 car garage. Located in a gated co...
- 3 Beds
- 2 Baths
Absolutely NO Showings. DO NOT BOTHER tenants. Property is being sold AS-IS. Follow LO/SO comments.
- 3 Beds
- 2 Baths
Great for an investor or handyman willing to put in some work. Property features 4 bedrooms, 3 bathrooms, and oversized 2 car garage. In-law quarters attached to the hous...
- 4 Beds
- 3 Baths
Tantalizing Custom Home in the exclusive Gated Community of Greystone Ridge. Dramatic views with viewing deck allows for additional outdoor living. Large lot w/ 3 Car gar...
- 4 Beds
- 4 Baths
What an unbelievable wooded 5.61-acre lot... this HUD home qualifies for only $100 down payment for FHA buyers too! Equal Housing Opportunity, managed by Chronos Solution...
- 3 Beds
- 2 Baths
Come take a look at this amazing opportunity! The mobile home is as is on lot in poor condition. Mobile home is not assessed as real property with assessors. Seller does ...
2 story home,recently painted and new carpet on over 4 acres in Placitas Homesteads with views of the Sandias with the Jemez or Capulin Peak to the west Access to shopp...
- 3 Beds
- 3 Baths
Beautiful Contemporary Stucco Style home in Albuquerque, NM this fixer features 3 bedrooms and 3 bathrooms, twofireplaces, one in the family room and rec rooms, wet bar, ...
- 3 Beds
- 3 Baths
DIAMOND IN THE ROUGH!! Great Downtown location for this Unique SINGLE FAMILY home oozing with potential. 3 Bedrooms, 1 Bath, 1312 sqft. Enjoy relaxing in the Living Room ...
- 3 Beds
- 1 Baths
This Single Family home located in the desirable Southwest Heights subdivision of SUNRISE TERRACE has 3 Bedrooms, 2 Baths, and a 2 Car Attached Garage. Enjoy relaxing in ...
- 3 Beds
- 2 Baths
Northern New Mexico Style home in Los Ojos, NM this one is a major fixer, that currently has 4 bedrooms and 1 bathroom, built in 1940 with an large footprint. Bring your ...
- 4 Beds
- 1 Baths
Beautiful home with 5 bedrooms. TWO master suits upstairs and downstairs. Two story entry foyer plus elegant curved staircase are lovely. Large kitchen has granite counte...
- 5 Beds
- 4 Baths
Beautiful Pueblo Style home in Santa Fe, NM, this one is a must see featuring 2 bedrooms and 3 bathrooms a study, custom kiva fireplaces, high ceilings with beams thru-ou...
- 2 Beds
- 3 Baths
This 2 bedroom, 2 bath home is located in the gated Towne Park community and is close to shopping and restaurants, as well as Sandia Labs & KAFB. There is a fireplace for...
- 2 Beds
- 2 Baths
Sight unseen. Quiet and secluded property situated on a fully fenced lot with added storage. Property being sold in as is condition. No warranties expressed or implied. P...
- 3 Beds
- 2 Baths
Opportunity to own some land in beautiful Santa Fe NM. Property. This can be a fantastic investment with room for additional building and toys. Please do not disturb occu...
- 2 Beds
- 2 Baths
Cute 2 bedroom, 1.5 bath with East and West balconies. Open kitchen to informal dining room and large Great room. Nice location with covered carport and gated community...
- 2 Beds
- 2 Baths
REO Occupied - the seller does not represent or guarantee occupancy status. NOVIEWINGS of this property. Please DO NOT DISTURB the occupant. ''As is'' cash only sale with...
- 2 Beds
- 1 Baths
Great subdivision with panoramic views of the Sandia Mountains. Lots are reasonably priced and ready for your dream home. Close to Albuquerque and far enough to have your...
Site has a sloping Hillside topography, Large lot with lots of privacy. Good views.
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
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