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

9828  Lauren Avenue SW, Albuquerque NM 87121

$81,900

9828 Lauren Avenue SW, Albuquerque

This property has a great location. The kitchen overlooks the main living area and has access to the backyard. The master is nice sized with a full bath. There are vau...

  • Beds 3
  • Baths 2.0

5500  Constitution Avenue, Albuquerque NM 87110

$82,500

5500 Constitution Avenue, Albuquerque

Check out this 2 bedroom, 1 bath home in the NE with a 2 car detached garage & pool in the backyard. Lots of potential here for investors or make it your own dream home! ...

  • Beds 2
  • Baths 1.0

701  S LASSITER, Estancia NM 87016

$59,900

701 S LASSITER, Estancia

Manufactured home in Estancia, good condition with new carpet and paint, well priced, clean, move-in ready. 3 bedrooms, 2 bath, nice kitchen, large yard with many possibi...

  • Beds 3
  • Baths 2.0

6952  Albany Hills Drive, Rio Rancho NM 87144

$141,500

6952 Albany Hills Drive, Rio Rancho

Great 4 bedroom single story home featuring newer paint, carpet, and kitchen appliances all on nearly a quarter of an acre lot with mountain views. Excellent location wit...

  • Beds 4
  • Baths 2.0

124  Mikaela Road, Corrales NM 87048

$202,000

124 Mikaela Road, Corrales

Lovely home with view of the Sandias! This home offers a great open floorplan with a large, bright kitchen, cozy fireplace and beam ceiling in the great room and access ...

  • Beds 3
  • 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.