Single-Family

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Mimosa Dr,
Ruidoso, NM 88345

Status: Inactive
Listing ID: 56289712

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Notice of Public Foreclosure Auction

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Property Information

  • Year Built: 1978
  • Days On Site: 66
  • Comments: Invest with success and buy through Auction.com. This foreclosure investment property is a great opportunity to rehab and flip for potential profit or rent out for long-term income. It is located in Lincoln County in the city of Ruidoso. Be ready to bid and buy at auction on 05-11-2021. Visit Auction.com to find additional property details, time-saving reports, and important auction information.
  • Property Type: Single Family Dwelling
  • Deed Category: NFS

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.

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Address: Mimosa Dr Ruidoso NM 88345

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Auction Information

  • Minimum Bid: $0
  • Auction Date: 05-12-2021

    Property Classification

  • Classification Id: Notice of Foreclosure Sale
  • Classification Desc: This notice announces the date, time and other details related to a proposed public foreclosure auction. Don't scour the local newspapers or waste time at the courthouse hunting down these sales when you can easily find the latest information.

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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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Mimosa Dr
Ruidoso, NM 88345

Single-Family

 

Status: Inactive Listing ID: 56289712

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Property Description

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Listing URL

https://www.foreclosure.com/listing/address.html?address=Mimosa-Dr-Ruidoso-NM-88345/56289712_lid

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