TAL Realty has successfully purchased the underlining note and mortgage for the property located at 1100 Lead Ave SE.  The securing asset is an 11,000 SQFT medical officer building that sits in an excellent medical office area.  TAL Realty will now finish the judicial foreclosure.

After the release of new home sales this morning it is apparent that the real estate market is not finished correcting.  In Bernalillo County alone, there are hundreds of vacant properties in some stage of the foreclosure process.  That does not include the properties that have already run course and are being marketed as bank owned.  There is absolutely no ...

Check this article on CNBC - shows we are not at the bottom and there are more foreclosure to come.  At least some investor are parking cash in the real estate sector!