Does New Mexico Law Allow for a Redemption Period After a Foreclosure?
Yes, New Mexico law allows a borrower to redeem a property within nine months of the foreclosure sale date. The borrower must pay the foreclosure sale price, costs, fees and interest in order to redeem the property.
Additional Foreclosure Articles
- Where and When do Foreclosure Sales Take Place in New Mexico?
- What Public Notice Requirements are There for a Real Estate Foreclosure in New Mexico?
- Can a Lender Sue a Borrower for a Deficiency Judgment if the Lender is Still Owed Money After a Foreclosure Sale in New Mexico?
- How Can a Lender Foreclose on a Property in New Mexico?
- How Long Does the Typical Foreclosure Process Take in New Mexico?
- Can I Keep My Home If I File Bankruptcy in New Mexico?