569 Via Patria SW, Albuquerque, NM 87121

Wonderful 4 bedroom home located in gated community of Encanto Village! Through HUD's Neighborhood Stabilization Program, this home was purchased as a rough-shape foreclosure, will endure a very expensive complete renovation, and will be sold to somebody who makes between 50-120% of the area median income! Buyer needs only $500 earnest money and 2.5% of appraised value (determined while in escrow) downpayment; no closing costs! For further $avings, no mortgage insurance! Agents see attached.