Overview
This Foreclosure is located at Otero Rd, San Rafael, NM 87051. It has 3 Beds 2 Baths , 2,252 sqft of living space. This property is currently bank owned.
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This property is available as a foreclosure at Otero Rd. This property features 3 bedrooms and 2 bathrooms, perfect for investment and/or your personal residence. With 2,252 square feet of living space, you can enjoy sizable rooms for comfortable living and flexibility in the common areas for family gatherings. Our team of real estate experts has conducted a thorough analysis of the current market conditions in San Rafael, specifically for Otero Rd and comparable listings. Based on this expert analysis, the estimated market value is still being calculated. If purchased for rental purposes, this property might present an opportunity to make monthly rental income. The rental value will be updated on this listing soon. Factors considered in this calculation include the property location, condition, status, and convenience, all assessed by our experienced professionals. Properties like this one on Otero Rd are updated daily along with others in San Rafael, New Mexico, ensuring you have the most current and accurate information. Since this property is a foreclosure, be sure to check out our Foreclosure Timeline for Otero Rd below to see detailed and helpful information about what stage of the foreclosure process this listing is in.
Plus with taxes and insurance
Based on 20% down, 30 year mortgage, with 6% APR
All calculations are estimates provided for informational purposes. Actual amounts may vary by location. It is important to know that mortgage rates are dependent on credit scores, loan timeline, and a down payment amount.
Not in Foreclosure
Pre-Foreclosure
Auction
Bank Owned
There are 6 schools in the area. Nearby schools include San Rafael Elementary School and Los Alamitos Middle School in Grants.
There are plenty of activities near this property like Cibola General Hospital in Grants, Downtown Grants restaurants and local services, and more.
Public transportation options include: Personal vehicles are the primary form of transportation in San Rafael and the surrounding rural area, Regional road access is provided by nearby Interstate 40, historic Route 66, and New Mexico State Road 53, Limited rural or senior transportation services may be available through local Cibola County programs, Intercity air and bus connections are most commonly accessed through Grants, Gallup, or Albuquerque. Other services include ride-sharing services like Uber and Lyft.
Parks nearby include El Malpais National Monument, El Malpais National Conservation Area and more.
Services available in the area include cellular and internet options.
The property located at Otero Rd in San Rafael, NM is listed as a Foreclosure
Properties like Otero Rd in San Rafael, New Mexico listed as foreclosures have passed the point of auction or public sale. Because the properties were not sold at auction, the lender is now the owner and is engaged in the process of marketing and selling them to potential buyers through a local real estate agent or auction house in San Rafael, NM. The longer lenders own properties like this on Otero Rd, the more eager they become to sell, often at reduced prices.Foreclosures often mean the original homeowner had some sort of setback that caused him to allow his lender to take the property. Rarely does a lender want to retain possession of real estate, so it will be motivated to move it off the books as quickly as possible. A fast turnover is what the lender is looking for, so a big part of the marketing plan might include pricing for a quick sale. In order to take advantage of foreclosed properties there are some basic steps to be followed:
Steps as you search for your foreclosure property:
Foreclosed properties can represent excellent opportunities to acquire real estate at bargain prices. But in order to take full advantage of these opportunities you must have all your information and take an organized approach to finding and acquiring foreclosed properties. Find the location and property that interests you, work with the Realtor and closing agent to learn all you can about the property, and make your offer based upon good information and research.
Status: Active
The property has moved into foreclosure proceedings. The lender is likely preparing the home for auction or repossession.
Status: Active
FREEDOM MORTGAGE CORPORATION
11/16/22 - 12/13/22Status: Inactive
The owner is behind on payments and has entered preforeclosure. It may still be possible to avoid foreclosure or sell early.
Status: Inactive
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