Las Vegas, NV asked in Estate Planning and Real Estate Law for New Mexico

Q: In NM can a personal lender inspect the property after sale in 2008 till now? Must they give a notice?

Can mortgagee inspect property? Advanced notice or can they be legally denied?

1 Lawyer Answer
Ben F Meek III
Ben F Meek III
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Answered
  • Estate Planning Lawyer
  • Oklahoma City, OK

A: Typically mortgage companies and banks that make home loans put language in their mortgages that they have a right to inspect their collateral (the house) periodically and that you as borrower and mortgagor consent to it. The mortgage may even have language that makes it an event of default to deny the mortgagee the right to inspect. So you should have an experienced real estate attorney in your area review your mortgage and advise you of your rights under the mortgage and local law, and do that before you deny them access.

PS: My comments here are for general information only and are not legal advice about your specific situation, nor do they create an attorney-client relationship with me. Consult an attorney in your state for legal advice on your particular issues and circumstances and the laws that may apply.

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