$204,819 EMV

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Pinewood Dr Nw
Albuquerque, NM 87120

Status: Active
Listing ID: 57067506

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11/30/21
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.
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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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Listing History

Start Date End Date Listing Type Bank Name
11/30/21   Preforeclosure Idaho Housing And Finance A...

Albuquerque, NM
Home Inspectors
MRT Home Inspections
Tyler Cole
505-350-1695
AmeriSpec Inspection Services NM
James Parra
5052504158
AmeriSpec Inspection Services NM
Lance Ellis
505-880-0444
General Inspectors of Abq.
Joseph M. Lebron
505-261-0351
The Founded Roof, LLC/ Amerispec
Daniel Padilla
505-908-8179
Homes On This Street
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Pinewood Dr Nw
Albuquerque, NM 87120

$204,819 EMV

Status: Active Listing ID: 57067506

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=Pinewood-Dr-Nw-Albuquerque-NM-87120/57067506_lid

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