$267,817 EMV

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Princess Jeanne Ave Ne
Albuquerque, NM 87110

Status: Inactive
Listing ID: 56893199

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Property Information

  • Source ID: 21326070
  • Day(s) On Site: 66
  • Plaintiff: THE MONEY SOURCE
  • Defendant Name: GINNIE DUNCAN
  • Case Number: D-202-CV-2019-05515
  • Judgment Date: 10-25-2021
  • Deed Category: NTS
  • Mortgage Balance: $219,655

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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.


Auction Information

  • Auction Date: 01-06-2022
  • Auction Time: 10:00 AM
  • Auction Address: 400 LOMAS BLVD NW
  • Auction City: ALBUQUERQUE

    Loan Information

  • Mortgage Balance: $219,655

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Listing History

Start Date End Date Listing Type Bank Name
12/08/21 01/06/22 Preforeclosure
07/16/19 01/12/20 Preforeclosure MONEY SOURCE INC

Albuquerque, NM
Home Inspectors
AmeriSpec Inspection Services NM
James Parra
MRT Home Inspections
Tyler Cole
The Founded Roof, LLC/ Amerispec
Daniel Padilla
General Inspectors of Abq.
Joseph M. Lebron
AmeriSpec Inspection Services NM
Lance Ellis
Homes On This Street
View more homes on Princess Jeanne Ave Ne

Princess Jeanne Ave Ne
Albuquerque, NM 87110

$267,817 EMV

Status: Inactive Listing ID: 56893199

Property Information

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