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Buy New Mexico Foreclosure Listings
According to a recent report, New Mexico has over three thousand properties ready for filing in the second quarter of the year. For this reason, the state is number 34 in terms of the level activity nationwide. There is about 6 percent increase compared to last year's data. Albuquerque and Los Lunas show a rise in New Mexico foreclosure listings rise in month of June. One of the reasons why the numbers are high is the unemployment rate is below the normal level. The prices of home are still high. These are the reason why there is decline. Based on nationwide ranking, New Mexico is in the 25th place in foreclosure rate.
Rio rancho remains on the top of the foreclosure rate in the state. Most of the properties in New Mexico are being sold because of people migrating to other states or lack of mortgage payment. This is due to the economic situation currently being experienced by the local government. Bank foreclosures in New Mexico are very common since a lot of people are unemployed in the state. This certainly has an impact in the properties that are being foreclosed by banks. Some of the properties in New Mexico are resort type, villas, parcel, farmlands and even country home.
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