New Mexico Foreclosure LawFacts: Judicial Foreclosure Available: Yes Non-Judicial Foreclosure Available: No Primary Security Instruments: Mortgage Timeline: Approximately 120 days Right of Redemption: Yes Deficiency Judgments Allowed: Yes Quick Summary: In New Mexico, lenders may foreclose on mortgages in default using the judicial foreclosure process only.
The foreclosure timeline in New Mexico is typically 120 days from the time you miss your first payment until a Notice of Default or Notice of Sale is issued to your actual foreclosure date and sale.
New Mexico borrowers have the right of redemption and are allowed deficiency judgments. For more information on New Mexico Foreclsoure laws and regulations visit http://www.ncsl.org/public/leglinks.cfm and click on your state. Or Contact: New Mexico's Attorney General's Office How Can SaveMeFromForeclosure.com Help Stop Foreclosure on My Home? We can help you either Keep or Sell Your Home to Avoid Foreclosure. Fill out our quick questionnaire and your local SaveMeFromForeclosure.com representative will contact you about how we can help you stop foreclosure today. Want to talk to someone now? Contact us at 1-888-I-Save-80 (1-888-472-8380). |