OWNER FINANCED – NO BANK, NO QUALIFYING – BUILT-IN EQUITY
Take over our seller-financed real estate contract on a 4 bed / 2 bath, 2,260 sq ft home in NW Albuquerque (Seville, 87114). You step into our position and pay the seller directly through New Mexico Escrow Solutions. No mortgage application, no bank underwriting.
ALL-IN PRICE: ~$386,400
$50,000 assignment fee
Take over ~$336,400 remaining balance
TERMS
7.75% fixed rate
~$3,000/mo including taxes and insurance
Balloon due Aug 31, 2030 (refinance or sell by then)
Wraparound contract, serviced through escrow
BUILT-IN EQUITY
Nearby 4-bed homes sold $375K–$408K (about $204/sq ft), and they are smaller
This one works out to about $171/sq ft
THE HOME
Built 2005, 2,260 sq ft
Open great room with fireplace, French doors to covered pergola patio
4th bedroom works great as an office
Fridge, washer and dryer included
5-minute walk to a large park with sweeping Sandia Mountain views
Vacant and rent-ready: move in or rent it out right away
GREAT FOR
Self-employed buyers or anyone who has trouble qualifying with a bank
Investors (long-term, mid-term, or traveling professionals)
SOLD AS-IS. Inspections welcome.
Serious buyers only – proof of funds required for the assignment fee.