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


456 Treasure Stone Drive SW, Albuquerque

Great floor plan with plenty of room. 3 bedrooms, 2 full bathrooms and an office. Large dining room, family room and a kitchen island.. Seller is Secretary of Veterans Af...

  • Beds 3
  • Baths 2.0


9304 HONDO VALLEY Place SW, Albuquerque

Another great property brought to you by Matt Martin Real Estate Management. Open floor plan, Southwest accents throughout, large living room, separate dining room, mast...

  • Beds 4
  • Baths 2.0


2631 Crimson Clover Road SW, Los Lunas

Loads of living space in this excellent Charter Plan. Gated subdivision is very quiet and super convenient to I-25 for easy commute to ABQ. Excellent value. Difficult or ...

  • Beds 4
  • Baths 3.0

1824  STRAWBERRY Drive NE, Rio Rancho NM 87144


1824 STRAWBERRY Drive NE, Rio Rancho

Great starter home, fresh paint, new flooring,large open living room with a fireplace for those cool winter months. 2 bedrooms down stairs and 2 bedrooms up. COME SEE THI...

  • Beds 4
  • Baths 3.0


6700 Glenlochy Way NE, Albuquerque

Stunning home in Gated Oakland Estate large Open Floor, Great Rooms offers Fireplace also a Open Gourmet Kitchen w/ breakfast bar make it easy to serve your quest in the ...

  • Beds 5
  • Baths 4.0

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.