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

1960  Regency Park Road SE, Rio Rancho NM 87124

$110,000

1960 Regency Park Road SE, Rio Rancho

3 bedroom 2 bath home with much potential. Close to schools and walking distance to shopping! Property is being sold subject to HUD Guidelines 24 CFR 206.125.

  • Beds 3
  • Baths 2.0

11000  FAIRBANKS Road NE, Albuquerque NM 87112

$100,500

11000 FAIRBANKS Road NE, Albuquerque

Home On beautiful corner lot! Very spacious rooms, open floor plan. Bright sun room with tile floors. HUD homes are sold 'AS-IS'. HUD Case #361-314009. To submit offers v...

  • Beds 3
  • Baths 4.0

12345  Mountain Road NE Unit F, Albuquerque NM 87112

$39,900

12345 Mountain Road NE Unit F, Albuquerque

Check out this adorable 1 bed, 1 bath condo in the NE Heights!! Fresh paint & carpet, this cutie is move-in ready! Close to all kinds of infrastructure. This is a Fannie ...

  • Beds 1
  • Baths 1.0

2435  Red Polard Court NW, Albuquerque NM 87120

$155,000

2435 Red Polard Court NW, Albuquerque

Proudly present by PEMCO! Sold AS-IS w/all faults. No pre-closing repairs will be made for any reason. Open floor plan with ceramic and laminate flooring throughout, eat-...

  • Beds 3
  • Baths 3.0

627  47Th Street NW, Albuquerque NM 87105

$120,000

627 47Th Street NW, Albuquerque

Looking for interior and exterior space? This is it! Wonderful ranch style home featuring large living room w/fp,master suite with gleaming hardwood floors, family room w...

  • 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.