$228,144 EMV

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Constitution Ave Ne
Albuquerque, NM 87112

Overview

This Preforeclosure is located at Constitution Ave Ne, Albuquerque, NM 87112. This property is currently in pre-foreclosure with an estimated market value of $228,144
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Status: Active
Listing ID: 58451610

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Foreclosure Timeline

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

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View Foreclosure Status
03/04/19
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.
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Property Information

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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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Rental Value

The estimated rental value for Constitution Ave Ne located in Albuquerque, NM is $1,110/month. Comparable homes around Constitution Ave Ne that are rentals have monthly ranges starting as low as $930 per month and as high as $1,131 per month. An owner looking to use this property as an investment could bring a return in the area of $930 - $1,131 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.

Listing History

Start Date End Date Listing Type Bank Name
08/08/22   Preforeclosure Midfirst Bank
03/04/19 08/31/19 Preforeclosure MIDFIRST BANK

Albuquerque, NM
Home Inspectors
AmeriSpec Inspection Services NM
Lance Ellis
505-880-0444
AmeriSpec Inspection Services NM
James Parra
5052504158
MRT Home Inspections
Tyler Cole
505-350-1695
General Inspectors of Abq.
Joseph M. Lebron
505-261-0351
AmeriSpec Inspection Services NM
David M. Brown
5052208030
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Constitution Ave Ne
Albuquerque, NM 87112

$228,144 EMV

Status: Active Listing ID: 58451610

Property Information

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Public Records

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Property Description

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Listing URL

https://static.foreclosure.com/listing/address.html?address=Constitution-Ave-Ne-Albuquerque-NM-87112/58451610_lid

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