Now, if you're renting and are unsure if the landlord is going through foreclosure, this can be tricky because, you won't have permission to discuss details regarding the loan. You may want to contact the landlord regarding your concerns.
If you're behind on payments and are no longer able to maintain the mortgage, you may wish to first try loan modification, deed in lieu or short sale. Avoiding foreclosure should be a priority.
Give me a call, text or send me an email and I'll break down all of your options.
Syan Real Estate
Call/Text: (505) 730-8181
Go here and plug in your address: http://www.cabq.gov/gis/address.php
Write down your city platting info.
Then go here:http://www.bernco.gov/document-search-22191/
Enter Document Search, then plug in only your subdivision, lot, & block and seach.
Look in the left column of the returns for "Lis Pendens". If there is one in the last year or so, the house is likely to be in some stage of foreclosure, so you should take this info to your owner/landlord and ask for the details. Best of luck! Feel free to contact me directly with any questions or for more info.
Search NMCourts,gov/caselookup for your landlord's name (last name first). Use the name in CABQ.gov "address lookup" for the owner. Narrow search to District Court and the local jurisdiction (Albuquerque for Bernalillo County) and a date range for the last year or two.
There is a considerable amount of time from initial filing in court to completion of a foreclosure process. If you have a valid lease, you may have rights to stay even after foreclosure, until the home is sold to an owner-occupant. Even then, you probably have 90 days to move.
It's a great time to buy, with depressed values and low interest rates. If you plan on staying in the area for at least 5 years, without a need to change residence, you might side step the whole rental worry thing.