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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
Come take a look at this fantastic opportunity located in the Foothills!! This home has wonderful features and after fixing up this can be a great investment. Perfect for...
- 3 Beds
- 3 Baths
Rare Find--Country House in the city. 2-story house on 2 acres in the valley! The living room has a pellet stove and the formal dining room is off the kitchen. The lar...
- 4 Beds
- 2 Baths
This is your opportunity to live near the historic old town, museums, Explora, Tiguex Park. This home has lots of possibilities. Front house has 2 bedrooms, 1 full bath. ...
- 3 Beds
- 3 Baths
3 bedroom home with lots of potential!
- 3 Beds
- 1 Baths
Fixer upper! Great Opportunity for the investor or handy person. Huge living area with fireplace, fenced yard and nice kitchen. The home needs some work including roof ...
- 3 Beds
- 3 Baths
Time to see your money grow. This multi-unit property has four units with 2bedrooms and one bathroom in each. Once you have made some updates andenhancements to the prope...
- 2 Beds
- 1 Baths
Come take a look at this Beautiful Elegant Home! This Home is in the Heart of Placitas with an Amazing 2.33 Acres of Land. Enjoy the Peace, Privacy, and Outstanding View...
- 3 Beds
- 4 Baths
Located in Farmington, this ranch style home offers three bedrooms and one bath. Enclosed patio, plus storage shed in the rear. Whether you decide to customizethis home f...
- 3 Beds
- 1 Baths
Large living room and kitchen dining area plus 2 large bedrooms and 1 3/4 baths. Two storage sheds on property. Property sold as-is where-is.
- 2 Beds
- 2 Baths
Beautiful custom home in Corrales. Needs TLC but has lots of potential! Kiva Fireplace, large fenced backyard with mountain views. Property will be sold as is.
- 3 Beds
- 3 Baths
Subject property is being sold occupied with any and all occupants in AS IS/WHERE IS condition. Neither the seller nor the listing broker can verify the existence of any ...
- 2 Beds
- 1 Baths
'Under Contract Taking Backup Offers' Tuscany style home is an excellent floor plan with beautiful tile in most areas, high ceilings, exposed vigas, nicely textured walls...
- 4 Beds
- 4 Baths
Historic Albuquerque High Lofts! Urban living at its best. The unit has an industrial vibe with sleek concrete flooring, exposed duct work and monochromatic color scheme....
- 2 Beds
- 2 Baths
Quiet, private property with lots of potential. Large lot with ample living space, 4 Bedroom, 2 Bathroom. Sold ''As Is'' without any guarantee or warranty implied. Check ...
- 4 Beds
- 2 Baths
None
- 2 Beds
- 2 Baths
This 21.11-acre parcel surrounded by Mountains in San Antonio, New Mexico is for sale and is a must-buy for those who are not only wildlife and nature enthusiasts, but al...
Quiet, private property with lots of potential. Large lot with outdoor seating and ample living space, 3 Bedroom, 2Bathroom. Near local businesses. Sold ''As Is'' without...
- 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
Pueblo style single family residence home with 4 bedrooms and two bathroom, located in a city of Albuquerque, NM. Work is required to make this home move in ready but co...
- 4 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
Absolutely NO Showings. DO NOT BOTHER tenants. Property is being sold AS-IS. Follow LO/SO comments.
- 3 Beds
- 2 Baths
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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