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You are here: Home / Archives for foreclosures

Citi Launches Rental Effort for Distressed Borrowers

August 21, 2012 helenjackson Leave a Comment

I saw this article and thought it might apply here in New Mexico to keep some distressed Albuquerque Homeowners in their homes. Source: The Wall Street Journal by Alan Zibel "Citigroup is starting a program to allow 500 homeowners in trouble with their mortgages to rent back their homes if they sign over the deed, a step some lenders are taking to help people avoid foreclosure. The bank said Wednesday that it has sold $158 million in loans it holds on its books to a joint venture of Santa Ana, Calif.-based … [Read more...]

Filed Under: Blog, Mortgage News Tagged With: Albuquerque, Albuquerque Homes, distressed properties, foreclosures, mortgage, Real Estate, rental properties, Rio Rancho

Obama may soon make refinancing your Albuquerque home easier – Albuquerque Real Estate News

August 25, 2011 John Kynor Leave a Comment

Some great news coming out of Washington that may affect many Albuquerque home owners and Albuquerque real estate as a whole.  We might actually be able to refinance our homes into better interest rates! The Obama administration is considering further actions to strengthen the housing market, but the bar is high: plans must help a broad swath of homeowners, stimulate the economy and cost next to nothing. One proposal would allow millions of homeowners with government-backed mortgages to refinance them at today’s … [Read more...]

Filed Under: Blog, Mortgage News Tagged With: albuquerque foreclosures, foreclosures, interest rates, mortgage, refinancing

Foreclosure statistics point to Real Estate recovery – Albuquerque Realtor News

June 17, 2011 John Kynor Leave a Comment

FORECLOSURES FALL FOR 8TH STRAIGHT MONTH The number of home owners who were put on notice for defaulting on their mortgage paymenst dropped last month to the lowest level since 2006, Realty Trac Reports. Meanwhile, foreclosure fillings for the eighth straith month also were down as filings fell 33 percent in May compared to a year earlier and 2 percent month-over-month.  Also, lenders took back fewer homes in May, the second straight month of declines.  And bank repossessions were down in May too - down nearly … [Read more...]

Filed Under: Blog, Market News Tagged With: foreclosures, mortgage

Thinking About Buying an Albuquerque Foreclosure?

April 7, 2011 John Kynor Leave a Comment

RISMEDIA, April 7, 2011—The economy is improving overall and, as a result, some bright spots are showing up in the real-estate market. However, the foreclosure spike, which began around the same time the recession did, isn’t a distant memory just yet. In many areas, foreclosures are still happening; in some areas, those numbers have increased. Surprisingly, foreclosures have even encroached into some key cities that were formerly thought to be unshakable real-estate markets — like San Francisco, where foreclosures … [Read more...]

Filed Under: Blog Tagged With: albuquerque foreclosures, foreclosures

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Q Realty® is an Albuquerque real estate company and is locally owned and operated. Q Realty® or "The Q" was founded on the principals of outstanding customer service and we have earned the reputation of being the most “customer-centric,” honest, ethical and professional real estate company in Albuquerque. We treat our customers how we like to be treated.

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