Albuquerque Foreclosure Homes

Search for foreclosure homes, including REO properties and bank owned houses here! The three terms mean the same thing, houses that have finished the foreclosure process that are now for sale. Read Foreclosure Terms Explained.

Don't believe the horror stories, many foreclosure homes are in good condition, especially many of the Fannie Mae foreclosures (ask me I'll send you a list of these). In some cases they may even have new carpet and new paint. 

Foreclosures are much different than short sales. Unlike short sales, foreclosures are easy to buy.

You don't need special financing either, you can use any loan program or lender that you want.

Foreclosure homes are in great demand. When they are priced low it's not unusual for them to receive multiple offers so if you're thinking about buying a bank owned home you'll have to move fast. Banks will not look at your offer without a lender letter. Prequalify online now.

Making an Offer on a REO

Another important thing to understand is that Bank owned homes are already priced at a discount and making low ball offers usually does not work. Most likely you will just get outbid. Even if the property is overpriced, if you make a lowball offer the bank will just wait for the next one. Or they'll wait a couple of weeks and reduce the price once they finally realize the price is loo high. How do you know if they are priced well, how much should you offer and what should you expect? Just ask me, your Albuquerque real estate advisor.

Bank Owned Homes by Price Range

Search Albuquerque foreclosures by price range here. Use these buttons to start your search, then you can refine from there.

Foreclosures from 100k to 150k Foreclosures from 150k to 200k
Foreclosures 200k to 300k Foreclosures 300k and Up

Search Other Cities

Find bank owned homes from around the metro area. 

Bank Owned Bernalillo  Bank Owned in Cedar Crest Corrales Foreclosures
Edgewood Bank Owned  Los Lunas Bank Owned Placitas Foreclosures
Rio Rancho Foreclosures  Sandia Park Bank Owned  Tijeras Bank Owned

 

Latest Foreclosure Listings in Albuquerque

12100  SUMMER Avenue NE, Albuquerque NM 87112

$159,000

12100 SUMMER Avenue NE, Albuquerque

Great home conveniently located to schools, amenities and I40. This home has an awesome floor plan and features an open kitchen with expansive breakfast bar, nice master...

  • Beds 3
  • Baths 2.0

527  Saddle Blanket Trail SW, Albuquerque NM 87121

$133,900

527 Saddle Blanket Trail SW, Albuquerque

This property is located in a gated subdivision. The entry takes you into the formal living area. The kitchen overlooks the dining room that has access to the backyard....

  • Beds 4
  • Baths 3.0

10335  Johncock Avenue SW, Albuquerque NM 87121

$88,600

10335 Johncock Avenue SW, Albuquerque

Open floor plan, master bedroom opposite others and private back yard with large covered patio. Close to schools, City Park, local shopping and easy access to freeway

  • Beds 3
  • Baths 2.0

1120  82ND Street SW, Albuquerque NM 87121

$69,100

1120 82ND Street SW, Albuquerque

Open floor plan, dining area plus breakfast nook, 3 bedrooms. Close to City Park, schools, local shopping and highway to freeway access.

  • Beds 3
  • Baths 2.0

6117  Vaughn Drive NE, Rio Rancho NM 87144

$109,900

6117 Vaughn Drive NE, Rio Rancho

Super cute 2 bedroom, 2 bath home with fresh paint and new carpet! This move-in ready property features a functional floor plan and vaulted ceilings, good sized bedrooms ...

  • Beds 2
  • Baths 2.0

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.