New Mexico Foreclosure Lawyers

Frequently Asked Questions

• What is the Homeowner Affordability and Stability Plan?
  Congress recently passed the Homeowner Affordability and Stability Plan (“the Plan”), which provides various options for homeowners who are feeling the pressure of their monthly … more
• How do creditors get paid when foreclosing on a house to satisfy unpaid debts?
  A foreclosure is where the creditor collects its lien by forcing a sale of the debtor's real property. The creditor receives the amount of the proceeds from the sale equal to the unpaid debt plus … more
• What is a loan modification, and how will it help me with my mortgage?
    A loan modification occurs when a homeowner enters into an agreement with his or her mortgage loan servicer to change the terms of the mortgage. The goal of a loan modification is to … more

Legal Articles

• Alternatives to Foreclosure
  It can be very stressful to face a home foreclosure. Homeowners and their families who cannot afford to make their mortgage payments may feel that there is no alternative to letting their mortgage holder foreclose on the property. However, foreclosure is not a foregone conclusion and there are options available that individual homeowners and their mortgage providers can consider. … more
• Bankruptcy or Foreclosure?
  Tough times require people to make difficult choices. The loss of a job, an economy that is in recession, rising fuel prices, an illness or an injury can all cause people to have a difficult time paying their bills. Sadly, some hardworking and well meaning people are forced to make the choice between having their home foreclosed or filing bankruptcy. There is no easy answer and … more

Legal Guides

• How To Avoid Foreclosure
  This guide, by the U.S. Department of Housing and Urban Development, provides valuable … more
• Homeowner Affordability and Stability Plan - Fact Sheet
  This fact sheet from the Department of the Treasury describes the Obama Administration’s … more
• Partial Claim Fact Sheet (HUD)
  This fact sheet from the Department of Housing and Urban Development explains the Partial Claim … more
• Deed-In-Lieu of Foreclosure Fact Sheet (HUD)
  Thhis fact sheet from the Department of Housing and Urban Development explains the Deed-in-Lieu … more
• Special Forbearance Fact Sheet (HUD)
  This fact sheet by the Department of Housing and Urban Development explains a homeowner's option … more

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