Type: Private
Price: $1,271,919
Location: Rio Rancho, New Mexico, NM
Address: Picabo, NM
Zip: 87144
Size: 77048 square feet
Condition: Used
This property is Real Estate Owned, or REO.
The property was foreclosed and repossessed by a lender when the owner failed to make payments. A bank is now the owner. Since banks are not in business to own homes, they are usually interested in selling foreclosed homes quickly at attractive low prices. A list price is published but reasonable offers