Foreclosure is a legal process that allows a lender to sell or take ownership of a property if the person who took out the loan does not repay it. There are usually six steps to foreclosure depending on the state. It begins with a payment default where a homeowner misses the first payment. If a … Read more
If you’re a homeowner in New Mexico and your property has been sold at auction, you’re entitled to a key homeowner’s right known as “The Right of Redemption.” This legal provision allows you to repurchase your home from the auction buyer—typically a financial institution—by paying the auction price in cash. This opportunity to reclaim ownership … Read more