Albuquerque Foreclosure Homes
Search for foreclosure homes, including REO properties and bank owned houses here! The three terms mean essentially 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.
HUD's Good Neighbor Next Door Program
If you are a fire fighter, law-enforcement officer, teacher or EMT (emergency medical technician), you may qualify for HUD's Good Neighbor Next Door Program:
Foreclosed Homes are Still Available
Foreclosures still make up a significant part of the Albuquerque real estate market as this chart shows:
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.
Search Other Cities
Find bank owned homes from around the metro area.
Latest Foreclosure Listings in Albuquerque
Lovely two story home conveniently located to amenities, schools and highway access. This home features a large open family room with fireplace, kitchen with light wood ...
Cute 2 story, 2 bed, 1.5 bath town home with vaulted ceilings and a cozy fireplace. Fresh paint, new carpet and a new furnace! Light & bright inside. Nice private patio p...
Spacious 3 bedroom 2 bath home on a large lot. Large kitchen opens to dining and living room, large storage room leads to the laundry room and garage. 1 acre lot funny fe...
Proudly present by PEMCO! Sold AS-IS w/all faults. No pre-closing repairs will be made for any reason. Cozy Northern Meadows beauty with ceramic tile, breakfast nook, ope...
Open Rio Rancho home in a nice location. Open floor plan with an eat-in kitchen, formal dining room, office, sun room, raised ceilings and more! Property sold in as is co...
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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