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

property image

$133,500

945 Waterfall Drive NE, Rio Rancho

3 bedroom 2.5 bath home with an open floor plan, close to schools and parks, in a well established neighborhood in Northern Meadows. Seller does not pay customary closing...

  • Beds 3
  • Baths 3.0

property image

$115,000

604 Rembert Trail SW, Albuquerque

3 bedroom 2.5 bath home in a gated community, close to schools and shopping. New paint and carpet, huge kitchen pantry and a big back yard. See attachment for PAS requ...

  • Beds 3
  • Baths 3.0

property image

$115,400

1324 Tres Ritos Street SW, Albuquerque

Open floor plan, large kitchen and living room, guest bath downstairs, master bedroom opposite others. Close to City Park, schools, local businesses and easy access to hi...

  • Beds 3
  • Baths 3.0

property image

$119,900

1622 Borealis Avenue SE, Rio Rancho

Come take a look! Great little starter home with lots of Charm and Character. Add some carpet, paint along with a little love and this great little bargain home can be yo...

  • Beds 3
  • Baths 2.0

property image

$62,000

1117 Del Mastro Drive SW, Albuquerque

Great potential!! Surrounded by mature landscaping and situated on a nice sized lot. Ceramic tile, tile back splash in kitchen, ceiling fans, 1 car carport, covered patio...

  • 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.