Get the Preforeclosure Address

Vista Grande Dr Nw
Albuquerque, NM 87120

Overview

This Preforeclosure is located at Vista Grande Dr Nw, Albuquerque, NM 87120. This property is currently in auction.
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Status: Inactive
Listing ID: 56834802

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Property Information

  • Source ID: 21315226
  • Day(s) On Site: 288
  • Subdivision: PALISADES
  • Defendant Name: MICHAEL SANCHEZ
  • Plaintiff: REVERSE MORTGAGE FUNDING LLC
  • Case Number: D-202-CV-2019-08160
  • Judgment Date: 10-12-2021
  • Deed Category: NTS
  • Mortgage Balance: $155,349

Potential Home Value

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Public Records

  • Land Area Sqft: 8,251
  • APN: 1-011-059-406381-1-07-14
  • Property Type: Single Family Residence
  • Township: CITY
  • Subdivision: PALISADES
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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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Auction Information

  • Auction Date: 12-02-2021
  • Auction Time: 10:00 AM
  • Auction Address: 400 LOMAS BLVD NW
  • Auction City: ALBUQUERQUE

    Loan Information

  • Mortgage Balance: $155,349

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Albuquerque, NM
Home Inspectors
AmeriSpec Inspection Services NM
David M. Brown
5052208030
General Inspectors of Abq.
Joseph M. Lebron
505-261-0351
AmeriSpec Inspection Services NM
Lance Ellis
505-880-0444
AmeriSpec Inspection Services NM
James Parra
5052504158
The Founded Roof, LLC/ Amerispec
Daniel Padilla
505-908-8179
Homes On This Street
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Vista Grande Dr Nw
Albuquerque, NM 87120

 

Status: Inactive Listing ID: 56834802

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=Vista-Grande-Dr-Nw-Albuquerque-NM-87120/56834802_lid

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