532 Fern Spring Dr SW, Albuquerque, NM 87121

This home is for somebody who thought that homeownership would not be affordable for them! Through HUD's Neighborhood Stabilization Program this home was purchased as a rough-shape foreclosure, will endure an expensive complete renovation, and will be sold to somebody who makes BELOW 50% of the area median income (agents see MLS attachment). If buyer meets that criteria and, for example, can only be approved for $90,000 - seller may accept their offer and grant a larger soft second mortgage!