"After dealing with my lender for months, receiving no help and the constant run around; I contacted UCMA. They were paramount in getting results!"..."[They] played hardball and stopped my foreclosure. The relentless help was a God send." - J.C. - Wyoming

New Mexico Foreclosure Law

If you are in foreclosure in the state of New Mexico, we help stop foreclosure in New Mexico. If you would like to avoid foreclosure and keep your home, UCMA offers foreclosure help in New Mexico. For additional information, please click on our Home page, thank you.

Stop New Mexico Foreclosure and Avoid Foreclosure in New Mexico and New Mexico Foreclosure Help Avoid New Mexico Foreclosure - Quick Facts

- Judicial Foreclosure Available: Yes
- Non-Judicial Foreclosure Available: No
- Primary Security Instruments: Mortgage
- Timeline: Typically 120 days
- Right of Redemption: Yes
- Deficiency Judgments Allowed: Yes

In New Mexico, lenders may foreclose on a mortgage in default by using the judicial foreclosure process.

Judicial Foreclosure

Generally, in judicial foreclosure, a court decrees the amount of the borrowers debt and gives him or her a short time to pay. If the borrower fails to pay within that time, the court then issues a notice of sale.

The notice of sale must contain a legal description of the property and state the place, the time and the date, which must be at least thirty (30) days after the notice of sale is issued, on which the foreclosure sale is to be held. The property will then be sold to the highest bidder on the date specified in the notice.

In most cases, the borrower has up to nine (9) months to redeem the property by paying the amount of the highest bid at the foreclosure sale, plus costs and interest.

Non-judicial foreclosure is only available for commercial and business properties valued at over $500,000. How to stop foreclosure in New Mexico.

More information on New Mexico foreclosure laws.

Stop foreclosure and get foreclosure help in New Mexico and in Alamogordo, Albuquerque, Artesia, Carlsbad, Clovis, Deming, Espanola, Farmington, Gallup, Grants, Hobbs, Las Cruces, Las Vegas, Los Alamos, Los Lunas, Lovington, North Valley, Portales, Rio Rancho, Roswell, Santa Fe, Silver City, Socorro, South Valley, Sunland Park and in the surrounding cities in New Mexico.