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City of Rio Rancho
Rio Rancho Foreclosures
Condition of Properties
While you may imagine that foreclosures fall into the category of fixer uppers, you'll be pleasantly surprised that many foreclosures are in move-in ready condition. Some foreclosure homes have new carpet, fresh paint and/or new appliances.
How Long to Close?
Unlike short sales, foreclosures do not take 4 to 6+ months to close. On average, you can move into a foreclosure in only 30 to 45 days. Because we are highly knowledgeable and experienced with foreclosures in Rio Rancho, we are able to assist our clients in reducing the time it takes to close.
Foreclosures vs HUD Homes
The distinction between a foreclosure and a HUD home is subtle. The primary difference is ownership. Since FHA has guaranteed the loan on behalf of the federal government on a property, FHA pays off the lender of record. Therefore, instead of the property going back to the bank as with a foreclosure, it reverts back to its owner, which in this scenario is HUD (Housing & Urban Development).
Finding Rio Rancho Foreclosures
We've made finding foreclosures in Rio Rancho, easy. There are three methods you can take advantage of to search for bank-owned properties. They are:
1) Use our FREE Map-Based Home Search. You can begin searching for Rio Rancho foreclosure homes immediately with real-time search results. You'll have access to all available photos, virtual tours and property details. There is no sign-up required. To begin searching, click here.
2) Setup FREE Listing Alerts. With listing alerts, you will know when a new foreclosure listing that matches your specific interests, hits the market. You'll know before most real estate agents do. There's no obligation and you can stop the alerts at anytime. Setup your alerts today, click here.
3) Allow us to do the searching for you. Since the seller pays for our services, there is no cost to you for our assistance. Finding homes is what we do for a living. We have the best resources and the time to dedicate to helping you find the home of your dreams. Put us to work for you today. To connect with a Rio Rancho Realtor, call/text (505) 730-8181 or e-mail us.
Feel free to call/text us at (505) 730-8181 or e-mail us with questions about buying a bank-owned homes. Remember, there is no cost to you for our assistance with the purchase of a home. The seller pays for our services, so take advantage of side-by-side assistance during your journey.
Rio Rancho Neighborhoods
Rio Rancho Estates
River's Edge I
River's Edge II
River's Edge III
Mountain Hawk Estates
Mirador del Sol
Country Club Hills
All information herein has not been verified and is not guaranteed.