578 Sq. Ft.   Multi-Family
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Bridge Blvd Sw
Albuquerque, NM 87105

Status: Inactive
Listing ID: 56609191

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Property Information

  • Living Area Size: 578
  • Lot Size: 0.58 acres
  • Year Built: 1956
  • Source ID: 196338686
  • Day(s) On Site: 168
  • Parcel Number: 1-012-056-245-255-2-03-04
  • Property Type: Multi Family Dwelling
  • Plaintiff: US Bk Na Series 2005-Ahl2
  • Defendant Name: MARILYN OTERO
  • Case Number: D-202-CV-2021-03513
  • Recording Date: 06-08-2021
  • Deed Category: LP
  • Document Number: 67601
  •  

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Preforeclosure

Often, the preforeclosure period is the best time to purchase a property. The process begins when a lender first notifies a borrower that his or her loan payments are behind. If a borrower has no other means to bring the payments up to date, he or she is far better served to sell the property as soon as possible before it falls into foreclosure.

First Steps to Buying a Preforeclosure

Preforeclosure status means the owner of the property has defaulted on his mortgage obligation and the lender is taking steps to foreclose on the loan and take possession of the property. This situation places the property owner and the lender in a disadvantaged position. But it may not be too late for the property owner to work things out with his lender.  At the same time the lender may be interested in allowing a short sale (sale of the property for less than the amount owed) just to avoid the costly process of foreclosure on the loan, and then the expense of marketing the property. That leaves open the opportunity for a real estate investor to come in and solve the problem for both parties.

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    Loan Information

  • 1st Mortgage Date: 07-29-2005

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Albuquerque, NM
Home Inspectors
AmeriSpec Inspection Services NM
Lance Ellis
505-880-0444
The Founded Roof, LLC/ Amerispec
Daniel Padilla
505-908-8179
MRT Home Inspections
Tyler Cole
505-350-1695
General Inspectors of Abq.
Joseph M. Lebron
505-261-0351
AmeriSpec Inspection Services NM
James Parra
5052504158
Homes On This Street
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Bridge Blvd Sw
Albuquerque, NM 87105

578 sq. ft.   Multi-Family

Active 

Status: Inactive Listing ID: 56609191

Property Information

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Listing URL

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