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

2212  DESERT WOOD Drive SW, Albuquerque NM 87121

$110,000

2212 DESERT WOOD Drive SW, Albuquerque

Proudly present by PEMCO! Sold AS-IS w/all faults. No pre-closing repairs will be made for any reason. Raised ceilings, laminate flooring, open patio and more! Home is el...

  • Beds 3
  • Baths 2.0

2223  Odessa Court SW, Albuquerque NM 87121

$105,100

2223 Odessa Court SW, Albuquerque

This newer one story home located on large cul-de-sac lot features a desirable floorplan and an oversized garage. With a little TLC this home is a diamond in the rough. I...

  • Beds 3
  • Baths 2.0

604  Rembert Trail SW, Albuquerque NM 87121

$115,000

604 Rembert Trail SW, Albuquerque

Fabulous Home In Gated Community! 2 Story Charmer! New Carpet! Freshly Painted! Shows Great! Living Room Features Cozy Gas Fireplace! Nice Kitchen Includes Workspace Isla...

  • Beds 3
  • Baths 3.0

10505  Snowheights Boulevard NE, Albuquerque NM 87112

$145,000

10505 Snowheights Boulevard NE, Albuquerque

Super cute 3 bedroom, 2 bath home in a great NE location close to everything! Fresh paint, new carpet, freshly painted kitchen cabinets, huge living area with kiva firepl...

  • Beds 3
  • Baths 2.0

1977  Clearwater Loop NE, Rio Rancho NM 87144

$104,000

1977 Clearwater Loop NE, Rio Rancho

Proudly presented by PEMCO. Bids reviewed daily for all buyer types including investors. Sold AS-IS w/all faults. No pre closing repairs or payments will be made for any ...

  • 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.