Foreclosures in New Mexico can be either judicial (where they go through court) or nonjudicial (where they bypass the court system). Either way, you're entitled to certain notices. Below you can learn about the key features of foreclosure procedures and notices.
New Mexico Foreclosure Laws and Procedures
Learn how a New Mexico foreclosure works, including preforeclosure steps, foreclosure procedures, and homeowners’ rights under both state and federal laws.
New Mexico HOA and COA Foreclosures
If you fail to pay your HOA or COA assessments in New Mexico, the association can get a lien on your property and might foreclose on your home.