Wow I love that you asked this. Rich has given a great insight into the area. Placitas is an upper end neighborhood with great price stability. Thats why this property http://www.trulia.com/property/3003080010-50-Aspen-Rd-Placit
is unheard of in this area. This home will bring in an appraisal of $570k to $590k in today's market. This is what you would expect from a short sale, foreclosure, bank owned property if that ws typical for this area but its not. Historically it is a great place to live; privacy, acreage and more. The owner has gone on to do philanthropic work outside of New Mexico. You could make a movie on the life changing path she took and the affect she is making. Unfortuneatly for her (but fortunately for the buyer) she has to sell now! The fact that its not a bank owned means you will not have to work so hard to get as everyone will tell you that short sale foreclosure bank owned properties come with. Furthermore if you have a Loan to Value issue with your loan approval then this home is for you. You get instant equity in a neighborhood that is known for price stability and an easier process to get through. Now if you look at posts here and on the net you will never see us promote a property like this but seeing the question seemed made for it. 505-980-2999 if this property might work or you have further questions.