Information regarding the Great State of New Mexico. News and Happenings across the State.

Albuquerque, NM Ventana Ranch Paradise Hills

 

Property Flyer and Details

Bank Owned property that is in excellent condition. This is a DR Horton built home that is move in ready. Open floor plan, kitchen with island, office with book shelves, tile roof and a large master suite. Situated on a dead end street so no thru traffice. Great location easy to hop on Paseo Del Norte to get into Albuquerque or Rio Rancho.

Search Homes at www.NMWelcomeHome.com/idx

Call me today for a showing 505-350-8184 

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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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Foreclosure in New Mexico

To fully understand the Short Sale Process it is important to know the potential process of foreclosure.  These answer's below will help you to understand the difficulties and obstacles in the short sale process.  

How are New Mexico mortgages foreclosed?

In New Mexico, the lenders go to court in what is known as ajudicial foreclosure proceeding where the court must issue a final judgment of foreclosure. The property is then sold as part of a publicly noticed sale. The court with jurisdiction over a foreclosure is known as the District Court in the county in which the property is located. A complaint is filed in this court along with what is known alis pendens. A lis pendens is a recorded document that provides public notice…

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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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New Mexico has created the Renewable Energy Transmission Authority.  This Authority can plan, finance, build and operate new electric transmission lines and power storage facilities.

I find this a great step forward for the State of New Mexico.  With our wide open spaces our capability for wind and solar seems endless.  What we lack is the electricity transmission grid to transport the renewable energy to the cities that need it.  With this new Authority that problem may soon be solved.

To me I thought that the Western States, with so many days of sunshine and endless desert, were ripe for Solar and Wind Technology.  I feel that society is fully ready and capable to embrace this type of energy as we are more concious as ever about our footprint on the…

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