38% Of Rio Rancho Properties Sold Are Distressed In 2013 This is hard to believe but 37.8% of all homes sold in Rio Rancho in 2013 were distressed properties. This is one of the significant challenges for home prices in Rio Rancho. A distressed property is any home that has been foreclosed on by the bank. Short sales are also considered to be distressed properties. A short sale occurs when a bank agrees to allow the home to be sold for an amount less than is owed to the bank on the home. Many bank-owned homes and short sales need repairs and as a result, will sell for less than market … Continue reading...

Distressed Rio Rancho Homes for Sale At 40% Approximately 40% of Rio Rancho Homes for sale listed in the Southwest Multiple Listing Service are distressed properties. Distressed properties are defined as bank foreclosures or short sales. A short sale occurs when a homeowner sells their home for less than they owe the banks. Inventory A recent search of the Southwest Multiple Listing Service showed there are 721 Rio Rancho homes for sale. There were 94 homes identified as bank-owned homes and 194 homes identified as short sales. In most cases, bank-owned homes and short sales sell for … Continue reading...