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Foreclosure in New Mexico : Real Estate Advice

  • All51
  • Local Info7
  • Home Buying23
  • Home Selling7
  • Market Conditions2

Activity 65
Fri Jun 9, 2017
Gonzalezharry92 asked:
I would like to know if you also supply a list of homes sold in the area of homes you email on a daily basic
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Fri Mar 10, 2017
Shelley Ginn asked:
I am well aware I have to have a realtor place the bid, as far as I know that costs $1000 but I have been told after my bid is accepted I must give $5000 is this true and what does it actually…
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Thu Mar 9, 2017
Anne Matano asked:
Thu Dec 1, 2016
Angelica P answered:

Foreclosure is the process of taking possession of a mortgaged property as a result of the mortgagor's failure to keep up mortgage payments.

For future reference, you can feel free to contact us about this type of inquiry through our contact form here:

Thank you for using Trulia!

Consumer Care Advocate
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Wed Nov 9, 2016
Maricris A answered:

It is in the hands of the Home Owner if he/she wants to post the photos of his/her property on the site.

If you want to know more information about the foreclosure property, you may check the county record where the property is part of or you may also contact a foreclosure specialist near your area for assistance.

You can take advantage of our vast network of agents here on Trulia. You may found the link below.

To search for a foreclosure specialist using our site:

1. Go to the link that I provided, enter the location where you're at and click enter.
2. Click the 'More filters' button and choose 'Foreclosure' under specialties.
3. Click the 'Search' button.

We hope your experience with Trulia is memorable and thank you for using Trulia for all your real estate needs.

For future reference, you can feel free to contact us about this type of inquiry through our contact form here:


Consumer Care Advocate
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Mon Mar 7, 2016
Icasteo10 asked:
I am in a dilemma, I bought a defective home in 2013, currently in letigation/wrongful foreclosure. Once my current mortgage is settled. What type of mortgage will I be eligible for?
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Wed Dec 2, 2015
Dan Tabit answered:

You don't. Rent to owns are rare and even more rarely are they a good deal for the renter/buyer. The vast majority of rent to own renter/buyer's never end up buying the house. They are a great deal for the landlord/Seller as they get to collect large up front deposits and over market rent only to do it all over again in the same house. I consider it basically immoral and predatory in most cases.

Resolving credit issues isn't rocket science and a local mortgage lender can and often do assist buyers with this. Many things you can do yourself, others the lender can direct or assist you with.

Most people in this position are far better off renting the least expensive place they can stand to live in and save up some down payment, get on a budget and fix their credit. Once you are qualified, you can select any listed property in your price range and you've fixed the issues that hurt your credit.
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Fri Nov 20, 2015
Tgonza5088 asked:
Mon Sep 21, 2015
Heleybrowns25 answered:
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Tue Sep 8, 2015
Diane Christner answered:
Bank asset managers generally will not deal with individuals wanting to purchase foreclosed homes. When the properties are ready to put on the market they are either listed with local real estate agents or are placed on one of the auction websites for bidding. Sorry, you'll have to wait. ... more
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Mon Aug 31, 2015
Lizbethmeza asked:
Tue Aug 18, 2015
Tyeshaolga answered:
No bank will sell to you directly. It is unusually long but the reasons could be title issues, house tied up in probate, a junior lien or even IRS lien...

Additionally it's often impossible to contact a bank regarding a foreclosed home. About all you can do is either keep track of the property or have a real estate agent set up an auto search on MLS for when the property is listed. But even then there's no guarantee that the investor will sell or whether the property will ever see the open market.
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Tue Aug 18, 2015
ests7 asked:
approved for a loan - who do I contact for a foreclosure or bank owned home. Thanks - TAS
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Sat Jan 31, 2015
Robert Greenblatt answered:
Hi. Zoning and permit requirements will vary from one municipality to the next. Best thing to do is to stop in at the local municipal office and speak with the zoning and construction officials. They will be able to give you proper guidance.
Robert Greenblatt
Keller Williams Realty
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Sun Oct 26, 2014
Murphy Team answered:
Failing to live up to the terms of a contract usually results in default. The contract should spell out how to deal with each default. Probably a good question for an attorney.
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Thu Aug 14, 2014
Steve Quintana answered:
You can call me to discuss your situation.

Writing an answer here will not get you the information you need.
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Tue Jan 7, 2014
Anna M Brocco answered:
Since rent to own properties may not be listed as such, consider working with an agent of your own. Keep in mind that rent to own can be very risky and one could stand to lose a bit of money, therefore do inform yourself well, and consider consulting with an attorney who specializes in real estate beforehand. If you haven't done so yet, visit with any licensed loan officer, see if you can buy outright, or simply continue renting until a purchase can be made... ... more
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Mon Aug 26, 2013
Dean Ocksrider answered:
Your email was sent to the wrong email address, as we do not have a foreclosure in Princess Jeanne. Thank you!
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Sun Jul 21, 2013
Spence Ralston answered:
As you may know, there are a variety of options available with rent-to-own/lease-with-option-to-buy /lease-purchase opportunities. Most sellers who will enter unto these agreements want a fairly sizable, non-refundable down payment (10% and up), and often there is an amount tacked on to the "normal" rent rate which will be applied towards the purchase price if the renter decides to go through with the purchase at the pre-determined date.
These sellers, after all, want to SELL their homes and in a rent-to-own or similar situation you are basically asking them to take their home off the market. They therefore want the potential buyer to have "skin in the game", i.e. have a financial incentive to go through with the original intent of eventually purchasing the property.

If this still interests you, I can provide a list of rent-to-own opportunities in the Santa Fe area. You can contact me privately:
Spencer Ralston
Barker Realty
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