[Kartographer]

There are at least 5 properties like this within a 2 block radius of my house they are semi foreclosed for 5-6 years now. None are for sale and according to a foreclosure investor there is two reasons for such, one the Bank doesn’t want to take the ‘hit’ and two they haven’t been able to untangle the note to a point where they know for sure who holds it. Those are the worse as the management companies stopped taking care of the place because no one is paying their fee so the house sits and deteriorates and becomes not only a eye sore, but worth less and less as time passes.

[Vigilanteman]

I'm curious as to what part of New Mexico you are in as I thought this type of crap was only going on in either (a)places like Florida and Las Vegas where the real estate market was going nuts until 2006, then crashed shortly thereafter or (b)places like Detroit or the Mon Valley where economic deterioration and population loss over time left a surplus of unused housing.

It shows how educational this forum is!

[Kartographer]

Albuquerque. One thing which I imagine has some baring is that this subdivision was almost exclusively handled by Countrywide.