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

1638  Morning Star Drive, Belen NM 87002

$169,000

1638 Morning Star Drive, Belen

Let's Get MOVING!! Super home in need of a NEW OWNER TODAY! Great central location, ez access to anywhere, end of the privacy, Nice big lot , Great Open Floor plan, Cover...

  • Beds 4
  • Baths 3.0

10635  GENTRY Lane SW, Albuquerque NM 87121

$90,000

10635 GENTRY Lane SW, Albuquerque

Proudly present by PEMCO! Sold AS-IS w/all faults. No pre-closing repairs will be made for any reason. Open floor plan in a gated community. Open patio, refrigerated air ...

  • Beds 3
  • Baths 2.0

6704  Leander Avenue NE, Albuquerque NM 87109

$205,000

6704 Leander Avenue NE, Albuquerque

Welcome to this lovingly cared for home in a beautiful lush and quiet neighborhood. Its ready for you with fresh paint throughout and new carpet in the bedrooms. Bright ...

  • Beds 3
  • Baths 2.0

2611  Paseo Arbolado, Belen NM 87002

$40,000

2611 Paseo Arbolado, Belen

Cozy 3 bedroom 2 bath with a large living room open to the kitchen, covered patio with a fan on the back and shed for additional storage.

  • Beds 3
  • Baths 2.0

2838  Hermosa Drive NE, Albuquerque NM 87110

$64,500

2838 Hermosa Drive NE, Albuquerque

This HUD Home is proudly presented by Matt Martin. Owner Occupant bids accepted thru 9/8 @ 10:59 PM MST. Offers reviewed 9/9 if no offers are accepted Owner Occupant bids...

  • 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.