New Mexico

New Mexico Foreclosure Process

Foreclosure NoticeSecurity Instrument(s): Mortgage.

Foreclosure Type(s): Judicial.

Judicial Foreclosure: A foreclosure process in which the lender must file a lawsuit against the borrower to obtain a court order to foreclose on a Mortgage document.

Initial Public Notice: Complaint.

Estimated Foreclosure Process Period: 180+ days.

First Notice to Sale Time Period: 180+ days.

Redemption Period?: Yes, 1-8 months.

Deficiency Balance?: Yes.

* * *This information represents MRP’s current understanding of the New Mexico foreclosure process. For the most detailed and up to date information, your should contact your local county government.* * *

Stop Foreclosure!Once you have received a Notice of Default (NOD), Notice of Filed Foreclosure or Notice of Foreclosure Sale/Auction, you need a foreclosure defense attorney or foreclosure litigation attorney to effectively represent your interests. If you have received one of these notices, contact us today regarding appropriate legal options!

Foreclosure Defense Attorneys

foreclosure defense attorneysForeclosure defense attorneys can answer complaints, file counter-claims and motions, and represent you at hearings, mediation, and during the entire negotiation process. A foreclosure defense attorney will fight to defend your rights, and achieve the best possible outcome in loan modification, reinstatement, forbearance, principal reduction, and other foreclosure alternatives.

► ► Find A Foreclosure Defense Attorney In New Mexico! ◄ ◄

► ► Complete the Foreclosure Defense Attorney Evaluation! ◄ ◄

Litigation Attorneys

Should You Sue Your Lender?

foreclosure litigation attorneysIn recent years, legislators have passed new laws which give consumer protection rights to homeowners, and provide statutory damages for violations. Accordingly, many homeowners are now hiring foreclosure litigation attorneys to sue their lenders, and use other aggressive legal tactics to stop the foreclosure process, resolve their mortgages, and obtain corrective and monetary relief.

► ► Schedule A Litigation Attorney Consultation! ◄ ◄

► ► Take The Lender Litigation Test! ◄ ◄

IMPORTANT, PLEASE READ: If you no longer occupy or legally control a property, but seek monetary and corrective damages for wrongful foreclosure and related legal issues, please visit the Wrongful Foreclosure Damages page to learn about available legal services.

HUD SealHUD Approved Foreclosure
Avoidance Counseling Agencies
Located in New Mexico

Foreclosure prevention counseling services are provided free of charge by nonprofit housing counseling agencies working in partnership with the Federal Government. These agencies are funded, in part, by HUD and NeighborWorks® America. There is no need to pay a private company for these services. Organizations are listed in alphabetical order, by city.

Foreclose Defense Attorney ConsultationIn many cases, these organizations will end up recommending that you retain an attorney. The fact is that an experienced attorney is in the best position to represent you in mortgage negotiations and foreclosure proceedings. In fact, THE FEDERAL TRADE COMMISSION (FTC) PROHIBITS ANY “NON-ATTORNEY” FROM NEGOTIATING MORTGAGE DEBT ON BEHALF OF A DISTRESSED HOMEOWNER. Negotiating yourself or through a non-attorney third party can even be detrimental. Before you do anything else, we recommend a NO COST ATTORNEY CONSULTATION or completing our FORECLOSURE DEFENSE ATTORNEY EVALUATION.

National Foreclosure Mitigation Counseling (NFMC) grantees through NeighborWorks® America,
located in New Mexico

Agency Name Phone
Website
Address Languages
MMI – Albuquerque Central Phone: 800-308-2227
Web: www.moneymanagement.org
2727 San Pedro NE, Ste. 107-
Albuquerque, New Mexico 87110
– English
Southwest Neighborhood Housing Services Phone: 5052435511
Web: www.nhsofalb.org
4605 4th St NW
Albuquerque, New Mexico 87107
– English
Springboard Non Profit Consumer Credit Management, Inc. Phone: 855-736-7785
Web: www.homeownership.org
300 Central SW Ste. 2200 East
Albuquerque, New Mexico 87102
– English
United South Broadway Corporation Phone: 5053493300
Web: www.unitedsouthbroadway.org
1500 Walter Street SE
Albuquerque, New Mexico 87102
– English
MMI – Albuquerque-West Phone: 800-308-2227
Web: www.moneymanagement.org
2518 Southern Blvd SE
Rio Rancho, New Mexico 87124
– English
MMI – Santa Fe Phone: 800-308-2227
Web: www.moneymanagement.org
1010 Marquez Place, Ste. D-11-
Santa Fe, New Mexico 87505
– English
MMI – Santa Fe Phone: 800-308-2227
Web: www.moneymanagement.org
1010 Marquez Place, Ste. D-11-
Santa Fe, New Mexico 87501
– English

HUD Approved Housing Counseling Agencies

HUD Approved Foreclosure Avoidance Counseling Agencies in New Mexico

This list includes only HUD Approved Housing Counseling Agencies offering “Mortgage Delinquency and Default Resolution Counseling” services, and are considered “Foreclosure Avoidance Counseling” agencies. Organizations are listed in alphabetical order, by city.

HUD
Agency Name
Phone
Toll-Free
Fax Number
Email
Website
Address Languages
MONEY MANAGEMENT INTERNATIONAL, INC. ALBUQUERQUE, NM – CENTRAL P: 866-232-9080
T: 866-232-9080
F: 866-921-5129
E: counselinginfo@moneymanagement.org
W: www.moneymanagement.org
2727 San Pedro NE, Suite 107
ALBUQUERQUE, New Mexico 87110-3373
– English
– Spanish
SAWMILL COMMUNITY LAND TRUST P: 505-764-0359
T:
F: 505-243-6756
E: rmuhammad@sawmillclt.org
W: www.sawmillclt.org
990 18th Street NW
ALBUQUERQUE, New Mexico 87104-2053
– English
– Spanish
SPRINGBOARD – ALBUQUERQUE P: 855-736-7785
T: 855-736-7785
F:
E: info@homeownership.org
W: www.homeownership.org
300 Central Ave. SW
Ste. 2200
ALBUQUERQUE, New Mexico 87102-3298
– English
– Other
– Spanish
UNITED SOUTH BROADWAY CORPORATION P: 505-764-8867-230
T: 866-227-5114
F: 505-764-9121
E: eoverton@unitedsouthbroadway.org
W: www.unitedsouthbroadway.org
1500 Walter S.E.
Suite 202
ALBUQUERQUE, New Mexico 87102-4658
– English
– Spanish
TIERRA DEL SOL HOUSING CORPORATION P: 575-541-0477
T:
F:
E: info@tdshc.org
W: www.tdshc.org
210 E Idaho Ave Ste B
Las Cruces, New Mexico 88005-3279
– English
– Spanish
YWCA (LAS CRUCES) CREDIT COUNSELING AND HOME OWNERSHIP P: 575-532-1222
T: 888-533-7502
F: 575-532-0318
E: d.rosell@ywcaelpaso.org
W: www.ywcaelpaso.org
277 E. Amador
Suite 308
LAS CRUCES, New Mexico 88001-3677
– English
– Spanish
SOUTHWEST NEIGHBORHOOD HOUSING SERVICES, INC. P: 505-243-5511-105
T:
F: 505-242-2911
E: rgarcia@nhsofalb.org
W: www.nhsofalb.org
6301 4th street NW Suite 5
Albuquerque, NM 87107
LOS RANCHOS, New Mexico 87107-5860
– English
– Spanish

For the most current list of HUD Approved Foreclosure Avoidance Counseling Agencies in New Mexico, please visit the HUD website.