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Starting to See Progress. Photograph by Carlos Martinez.

City is making progress on the new pedestrian crossing connection Coors to Rio Grande Blvd over the Rio Grande River.  I'm sure many residents will be happy with this as you will now be able to bike from the Westside of Albuquerque to the North Valley and Nature Center. 

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Enjoy some active time with your family with some local free events.

February 3

Albquerque Museum of Art & History, Free Day 9am-5pm 2000 Mountain Road NW, a free day at the museum! Do a lot of walking. 243-7255 www.cabq.gov/museum

February 7

Bosque Wild Sunday Morning Hike, Free 7:30 am, Open Space Vistor Center 6500 Coors NW, 1.5 hour guided walk in the Bosque, max 20 people, pre-register suggested 897-8831

Superbowl Touchdown for Homeless 10K/5K Run, 11am celebrate the big day & back in time for the game, go to active.com & key in "Superbowl Touchdown"

February 13

27th Annual Mt Taylor Quadrathlon, Grants, NM, New Mexico's premier witner sports event, mttaylorquad.org

February 14

Sweetheart Run VII 10K/5K, a loving run along the Rio Grande, go…

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Buying Short Sales -

If a home is being sold for below what the current seller owes on the property—and the seller does not have other funds to make up the difference at closing—the sale is considered a short sale. Many more home owners are finding themselves in this situation due to a number of factors, including job losses, aggressive borrowing against their home in the days of easy credit, and declining home values in a slower real estate market.

A short sale is different from a foreclosure, which is when the seller's lender has taken title of the home and is selling it directly. Homeowners often try to accomplish a short sale in order to avoid foreclosure. But a short sale holds many potential pitfalls for buyers. Know the risks before you pursue a…

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Here is a calendar of events brought to you by Duke City Fit that will be fun for the whole family. The events included are free up to $25 and located in the Albuquerque and surrounding area.

January 3

Bosque Wild Sunday Morning Hike, Free

7:30 am, Open Space Vistor Center 6500 Coors NW, 1.5 hour guided walk in the Bosque, max 20 people, pre-register suggested 897-8831

January 6 

Albquerque Museum of Art & History, Free Day

9am-5pm 2000 Mountain Road NW, a free day at the museum! Do a lot of walking. 243-7255 www.cabq.gov/museum

Juanuary 9-10

Elias-Axel Pettersson in Concert, Free

7pm both nights, classical piano conderts, at Charles Pianos - 5000 Menaul NE, 899-81-80 reservations

January 17

Full Circle Roundup Run, 9am, 10K/5K/kids run, flat…

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Holiday Wine Tasting Event 

Prepare your palette for a wine tasting event featuring over 55 boutique wines, micro-brewed beers and Albuquerque's finest restaurants.  Entertainment from the Martinitones and DJ Cassyle and a chance to win fabulous electronics from Paradise Village.

The event will be held at the National Hispanic Cultural Center Thursday, December 10 5:30 - 9PM. Tickets will cost $30.

Click here to see the list of participating wineries...

A portion of the proceeds to benefit Watermelon Mountain Ranch

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In a typical relocation the spouse that does not have a job was able to use their projected income combined with the relocating spouse income when applying for a mortgage which would help determine housing affordability.

FNMA had announced it will disallow inclusion of 'trailing' income.  What does this mean?  It means that this secondary trailing income will not be allowed which will reduce the affordablility of the couple's next home.  According to RISMedia 70% of all corporate relocations are dual income so the effect on these relocations is significant.  This rule change seems to stem from current economic conditions and the availability of employment.

As a Realtor® with years of helping families relocate I must work even closer with these families…

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More people are now eligible to take advantage of the law, which includes a $6,500 tax credit for buyers who are current home owners and have lived in their home for five of the past eight years.
Income limits for eligible home buyers were also expanded to $125,000 for single buyers and $225,000 for couples, up from $75,000 for individuals and $150,000 for couples. Qualifying home prices are capped at $800,000. 

$8,000 First-time Home Buyer Tax Credit at a Glance

  • The $8,000 tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year period prior to the purchase.
  • The tax credit does not have to be repaid.
  • The tax credit is…

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Hopefull voted on soon the Tax Credit for First Time Home Buyers will be extended and expanded.  This is the latest.

- Tax Credit would remain $8,000 for firs-time home buyers and extended from December 1, 2009 to April 30, 2010.

- Allow move-up buyer $6,500 tax credit and would be eligible if they have lived in their home as a primary residence for 5 years or more.

- Tax credit would end April 30, 2010 but would allow any buyer that had a binding contract to qualify for the credit so long as they complete the transaction within 60 days.

- Income limits will be raised for both move-up and first time home buyers to $125,000 single filer and $225,000 joint return.

- Purchase price of the home not to exceed $800,000 to be eligible for the tax credit.

-…

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I recently requested an upgrade to provide, what I think, is a valuable tool for buyers looking for a good deal on a home. 

Sometime late October there will be a dedicated page to search Foreclosure Property in the Albuquerque, Rio Rancho and surrounding area.  This includes Los Lunas, Belen, East Mountains, Placitas, Bernalillo etc.

I felt the general public was not able to accurately get a foreclosure list.  Most of the time if someone had a list it was already 6 months old and all that inventory had been sold. 

Congratulations to anyone who is registered with my site...You will soon have access to all the listed Foreclosure Properties in the area.  As an added benefit I included Pre-Foreclosure also known as Short Sales. 

Short Sales represent a…

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Hello Everyone,

I have recently come across a home that will be sold well below market value and wanted to give you the opportunity to have first dibs on it.  This home is not on the market but will within the next 7 days.

Located on the Eastside of Albuquerque on Maxine St NE Albuquerque, NM 1024 Square Feet 3 Bedroom 1 Bath 1 Car Garage Will be listed somewhere between $95,000-$110,000 if you buy it before listing the price is lower. This home is good condition but does need some work to make it polished.  A new wall furnace may be needed....This home can be moved into but depending on your preference would need paint, flooring (tile, carpet, laminate), light fixtures and just any updating you may want to do.  Currently has no curb…

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