$57,800


2 Beds   2 Baths   Single-Family

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State Rd 196,
Amalia, NM 87512

Status: Active
Listing ID: 55468653

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Pre-Foreclosure

Auction

Bank Owned

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06/17/20
Bank owned
The lender has taken ownership of this property through a foreclosure auction for the amount of $57,800. 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. The longer lenders own properties, however, the more eager they become to sell, often at reduced prices.

Property Information

Foreclosure

Properties 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. The longer lenders own properties, however, the more eager they become to sell, often at reduced prices.

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Listing History

Start Date End Date Listing Type Bank Name
06/15/20 08/19/20 Foreclosure
02/23/19 03/29/19 Foreclosure
01/11/19 04/25/19 Foreclosure


First Steps to Buying a Foreclosure

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.

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State Rd 196
Amalia, NM 87512

2 Beds   2 Baths   Single-Family

$57,800

Status: Active Listing ID: 55468653

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Property Description

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Listing URL

https://www.foreclosure.com/listing/address.html?address=State-Rd-196-Amalia-NM-87512/55468653_lid

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