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

5516  Benson Court NW, Albuquerque NM 87120

$169,900

5516 Benson Court NW, Albuquerque

This beautiful home offers upgraded cabinets with Custom pulls, refrigerated air, Jacuzzi tub in master bath and much More! Cosmetic repairs are also being completed, the...

  • Beds 3
  • Baths 2.0

3501  Juan Tabo Boulevard NE Unit 8H, Albuquerque NM 87111

$74,160

3501 Juan Tabo Boulevard NE Unit 8H, Albuquerque

Super cute 2 bedroom, 2 bath condo with fresh paint & new carpet!! Vaulted ceilings make the space feel larger. Balcony to enjoy the mild fall weather, close to shopping,...

  • Beds 2
  • Baths 2.0

9024  Sandy Spring Avenue SW, Albuquerque NM 87121

$189,900

9024 Sandy Spring Avenue SW, Albuquerque

Lovely property in the SW features fresh paint and new carpet, an open light filled floor plan with a fireplace in the living area and a spacious kitchen with island. Gre...

  • Beds 3
  • Baths 2.0

1309  Ojo Feliz Street, Albuquerque NM 87121

$120,900

1309 Ojo Feliz Street, Albuquerque

Excellent Buy in Convenient SW Heights Location!!! Features 1,700 sqft, 3 bedroom 2 full and 1 half baths, 2 car garage, Open Concept! Corner Lot spacious yard with back...

  • Beds 3
  • Baths 3.0

801  NORTHERN  NW, Rio Rancho NM 87124

$110,000

801 NORTHERN NW, Rio Rancho

Large spacious open living area, spacious kitchen, huge backyard, very large utility room, built in bookcase, large great room that opens to kitchen and dining area. Hous...

  • 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.