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

6326  SCOTTSDALE Avenue NW, Albuquerque NM 87114

$145,000

6326 SCOTTSDALE Avenue NW, Albuquerque

This property has a great location close to parks and backs up to open space. The kitchen overlooks the main living area. There are 3 nice sized bedrooms upstairs. The...

  • Beds 3
  • Baths 3.0

10823  GOLINDA Road SW, Albuquerque NM 87121

$154,500

10823 GOLINDA Road SW, Albuquerque

This property has very nice floor plan and touches through out. The kitchen overlooks the main living area with plenty of windows for great light. There is a formal liv...

  • Beds 3
  • Baths 3.0

85  Gold Mine Road, Cerrillos NM 87010

$157,000

85 Gold Mine Road, Cerrillos

Wonderful property tucked away on a hillside. Fantastic views overlooking the quaint town of Cerrillos and the Cerrillos Hills. Cozy 3 bedroom/2 full bathroom home on 10+...

  • Beds 3
  • Baths 2.0

35  Alexander Drive, McIntosh NM 87032

$30,000

35 Alexander Drive, McIntosh

Looking for Land? Look No Further! This Home Comes With 5 Acres! Great Potential Needs Work But What A Great Opportunity! This Spacious Home Features 3 Bedrooms, 2 Bathro...

  • Beds 3
  • Baths 2.0

2004  SUTTLE Court NE, Rio Rancho NM 87124

$113,000

2004 SUTTLE Court NE, Rio Rancho

Private and secluded yet close to shopping and services. Courtyard entry is secure and comfortable. Large side yard has vehicle access and deep gunite pool. Clean it up, ...

  • 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.