$371,968 EMV

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Moriarty Rd
Edgewood, NM 87015

Overview

This is located at Moriarty Rd, Edgewood, NM 87015. This listing is NOT an active listing. Updates to this listing have stopped. This listing may be off the market. No further information is available at this time.
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Status: Inactive
Listing ID: 59906337
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Learn about Moriarty Rd in Edgewood, NM

This property is available as a preforeclosure at Moriarty Rd. Based on our analysis of the current market conditions in Edgewood for Moriarty Rd and comparable listings, the estimated market value is $371,968. If purchased for rental purposes, the monthly rental rate could range between $1,110 and $1,390. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Moriarty Rd are updated daily along with others in Edgewood, New Mexico.


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Property Information

  • Source ID: 21927109
  • Day(s) On Site: 69
  • Plaintiff: FREEDOM MORTGAGE CORPORATION
  • Defendant Name: WILLIAM BASSETT
  • Case Number: D-101-CV-2022-01057
  • Judgment Date: 03-06-2023
  • Deed Category: NTS
  • Mortgage Balance: $194,453
  •  

Preforeclosure

The property located at Moriarty Rd in Edgewood, NM is listed as a Preforeclosure

The process of preforelcosure with properties like Moriarty Rd in Edgewood, New Mexico begin 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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Auction Information

  • Auction Date: 05-17-2023
  • Auction Time: 09:00 AM
  • Auction Address: 225 Montezuma Avenue
  • Auction City: Santa Fe

Loan Information

  • Mortgage Balance: $194,453

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Rental Value

The estimated rental value for Moriarty Rd located in Edgewood, NM is $1,211/month. Comparable homes around Moriarty Rd that are rentals have monthly ranges starting as low as $1,110 per month and as high as $1,390 per month. An owner looking to use this property as an investment could bring a return in the area of $1,110 - $1,390 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.

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Moriarty Rd
Edgewood, NM 87015

$371,968 EMV

Status: Inactive Listing ID: 59906337

Property Information

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Property Description

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Listing URL

https://static.foreclosure.com/listing/address.html?address=Moriarty-Rd-Edgewood-NM-87015/59906337_lid

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