How to Stop Foreclosure in New Mexico

Your First Step towards New Mexico Foreclosure Prevention

As soon as you determine that you won’t be able to pay mortgage installments and stop foreclosure  in New Mexico, your first step should be to contact your lender under the guidance of some professional foreclosure help or in other words, a foreclosure lawyer in New Mexico. You and your lender can work out a flexible repayment plan so that you can pay according to how much you can afford to avoid foreclosure in New Mexico.

Your New Mexico Foreclosure Lawyer's First Step towards Fighting Foreclosure

If all pre-foreclosure alternatives like negotiations with your lender fail, your foreclosure attorney in New Mexico will file a written answer to the Notice of Default. Did you know that if you don’t file a written response with good legal advice, your lender can get a default judgment against you or in other words, you lose your home without taking advantage of foreclosure alternatives like filing for bankruptcy?

Name Photo Address City State Zip Phone Site Details Map
Business Law Southwest Llc New Mexico Bank & Trust Bldg., 320 Gold Avenue Sw, Suite 610, Albuquerque NM 87102 : (505) 848-8581 http://www.businesslawsw.com Details
Civerolo, Gralow, Hill & Curtis A Professional Association 20 First Plaza Ctr Nw Ste 500 Albuquerque NM 87102 : (505) 908-3874 http://www.civerolo.com Details
Gregg Vance Fallick Fallicklaw, Ltd. Suite 205, Gold Avenue Lofts, Albuquerque NM 87102 : (505) 842-6000 http://www.fallicklaw.com Details
Abq Law Clinic/morris Law Firm, P.a. 901 Lomas Blvd Nw Albuquerque NM 87102 : (866) 619-7061 http://www.abqlawclinic.com Details
Vance Chavez & Associates, Llc 320 Gold Ave Sw Ste 1400 Albuquerque NM 87102 : (888) 746-9008 http://www.vancechavez.com Details
New Mexico Financial Law, Pc 320 Gold Ave, Sw, Albuquerque NM 87102 : (505) 445-4804 http://nmfinanciallaw.com/ Details
Law Office Of Marcus E. Garcia The First Plaza Galleria, 20 First Plaza Ctr., N.w., Suite 717, Albuquerque NM 87102 : (505) 702-8566 http://www.sandialaw.com Details
Scott & Kienzle, P.a. Albuquerque NM 87103 : (505) 246-8600 http://www.kienzlelaw.com Details
Cavin & Ingram, P.a. Po Box 1216 Albuquerque NM 87103 : (505) 243-5400 http://www.cilawnm.com Details
Sutin, Thayer & Browne Po Box 1945 Albuquerque NM 87103 : (505) 883-2500 http://www.sutinfirm.com Details
Poindexter Law Llc 118 Wellesley Dr Se Albuquerque NM 87106 : (505) 715-5331 http://www.bkpoindexter.com Details
Rammelkamp, Muehlenweg & Cordova A Professional Association 316 Osuna Rd Ne Ste 201 Albuquerque NM 87107 : (505) 247-8860 http://www.rmclawyers.com Details
Dan A. Ribble, Llc 3500 Comanche Rd Ne Ste B Albuquerque NM 87107 : (505) 796-6294 http://ribblelaw.com Details
Espinosa & Associates, P.c. 100 Sun Ave Ne Ste 204 Albuquerque NM 87109 : (505) 242-5656 http://espinosa-associates.com/ Details
Michael D. Hoeferkamp P.c. 8205 Spain Rd Ne Ste 201 Albuquerque NM 87109 : (505) 503-6657 Details
Gallagher, Casados & Mann, P.c. 4101 Indian School Rd Ne Ste 200n Albuquerque NM 87110 : (505) 243-7848 http://www.gcmlegal.com Details
Saucedochavez, Pc 6565 Americas Pkwy Ne Ste 920 Albuquerque NM 87110 : (505) 633-1225 http://www.saucedochavez.com Details
Butt Thornton & Baehr Pc 4101 Indian School Rd Ne Ste 300 Albuquerque NM 87110 : (505) 908-3843 http://www.btblaw.com Details
Giddens, Gatton & Jacobus, P.c. 10400 Academy Rd Ne Ste 350 Albuquerque NM 87111 : (505) 271-1053 http://www.giddenslaw.com Details
Law 4 Small Business 8228 Louisiana Blvd Ne Ste A Albuquerque NM 87113 : (505) 346-3135 http://www.l4sb.com/ Details

When Can You Qualify for a New Mortgage after Foreclosure?

You won’t qualify for a mortgage for years after foreclosure because you will first need to work on credit repair. Even then you may end up paying a higher amount of down payment, and higher interest rate and fees. It’s better to solve your financial problems through counseling on how to refinance and other similar options before foreclosure than wasting time on credit repair in New Mexico after foreclosure.

HECM Counseling Agencies in New Mexico

Home Equity Conversion Mortgage (HECM) Counseling for reverse mortgage.

Agency Name Address Phone Email Website Map
SANTA FE COMMUNITY HOUSING TRUST
1111 AGUA FRIA STREET
SANTA FE, NM 87501
http://www.housingtrustonline.org

HUD Housing Counseling Agencies located in New Mexico

Housing and Urban Development Counseling for foreclosure avoidance.

Agency Name Address Phone / Toll-Free / Fax Website Languages Map
SPRINGBOARD - ALBUQUERQUE
300 Central Ave SW Ste 2200
Albuquerque, NM 87102
http://www.homeownership.org/
English
Other
Spanish
UNITED SOUTH BROADWAY CORPORATION
1500 Walter Street
Suite 202
ALBUQUERQUE, NM 87102
http://www.unitedsouthbroadway.org
English
Spanish
TIERRA DEL SOL HOUSING CORPORATION
210 E Idaho Ave Ste B
Las Cruces, NM 88005
http://site.notavailable.org
English
Spanish
YWCA (LAS CRUCES) CREDIT COUNSELING AND HOME OWNERSHIP
277 E. Amador
Suite 308
LAS CRUCES, NM 88001
http://www.ywcaelpaso.org
English
Spanish
SOUTHWEST NEIGHBORHOOD HOUSING SERVICES, INC.
6301 4th Street NW
LOS RANCHOS, NM 87107
http://www.swnhs.org
English
Spanish

NFMC grantees through NeighborWorks America located in New Mexico

National Foreclosure Mitigation Counseling for foreclosure avoidance.

Agency Name Address Phone Email Website Languages Map
MMI - Albuquerque Central
2727 San Pedro NE, Ste. 107-
Albuquerque, NM 87110
http://www.moneymanagement.org
English
Southwest Neighborhood Housing Services
4605 4th St NW
Albuquerque, NM 87107
English
Springboard Non Profit Consumer Credit Management, Inc.
300 Central SW Ste. 2200 East
Albuquerque, NM 87102
http://www.homeownership.org
English
United South Broadway Corporation
1500 Walter Street SE
Albuquerque, NM 87102
English
MMI - Albuquerque-West
2518 Southern Blvd SE
Rio Rancho, NM 87124
http://www.moneymanagement.org
English

Credit Repair Companies in New Mexico

Agency Name Address Phone Website Map
Credit Repair Today
401 Mountain Rd NW
Albuquerque, NM 87102
http://www.creditrepair4u2.com
Financial Resolutions
1301 Rio Grande Blvd NW
Albuquerque, NM 87104
http://resolutionslifemoney.com
Consumer Credit Counseling Service
3761 State Highway 528 NW
Albuquerque, NM 87114
http://www.moneymanagement.org
Credit Rescue Now
2601 Wyoming Blvd NE Ste 117,
Albuquerque, NM 87112
http://www.creditrescuenow.com
Careone Credit Services
Serving Nationwide
Albuquerque, NM 87101
http://www.getfelix.com/p/superpages/careone-credit-albuquerque-new-mexico.html

New Mexico Foreclosure Help Map

New Mexico Foreclosure Laws

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

Mortage Rates in New Mexico

Type Rate Last Week
30 yr fixed 3.86% 0.03
15 yr fixed 3.18% -0.02
5/1 ARM 3.55% -0.1
30 yr fixed mtg refi 3.86% 0.01
15 yr fixed mtg refi 3.18% -0.03
7/1 ARM refi 3.81% -0.1
15 yr jumbo fixed mtg refi 4.18% -0.19
Last updated: 11/22/2017

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