In New Mexico, homeowners who are facing a foreclosure may be able to stop the process by bringing the loan current, which is called "reinstating" the mortgage. To reinstate, you must pay the overdue amount (including principal, interest, fees, and various costs) in one lump sum by a specified date.
If you have purchased or are thinking of purchasing a timeshare in New Mexico, or are facing a timeshare foreclosure, it’s important to learn the answers to the following questions: How do I cancel a New Mexico timeshare agreement? What disclosures are required in a timeshare purchase? What are New
If you live in a private community setting (whether it is a condominium, townhouse, or single-family home) in New Mexico, you are most likely responsible for paying dues and assessments to a homeowners’ association (HOA) or a condominium association (COA). If you fall behind in payments, in most cases