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New Mexico Foreclosure Questions & Answers
1 Answer | Asked in Foreclosure for New Mexico on
Q: I unexpectedly inherited a large sum of cash and want to buy out the remaining balance on my home.

Can I do that even if foreclosure proceedings have begun?

Arun Arjan Melwani
Arun Arjan Melwani answered on Nov 16, 2018

Yes. Just request a reinstatement amount if you wish to catchup what you are behind or a payoff amount if you want to pay off the full amount.

1 Answer | Asked in Foreclosure for New Mexico on
Q: If I go into bankruptcy, does that stay a foreclosure?
Arun Arjan Melwani
Arun Arjan Melwani answered on May 4, 2018

Yes, but the stay will only last the during the bankruptcy proceeding and the creditor may ask that the Court to terminate the stay. The judge in the bankruptcy case will make that determination based on the type of bankruptcy you filed and the circumstances involved. Usually, a judge will grant... Read more »

2 Answers | Asked in Bankruptcy, Foreclosure and Small Claims for New Mexico on
Q: I lost my job but my spouse still works, we are now with o money, and going into foreclosure, can I file for bankruptcy

We are being service by lawyers for credit card debt, and other items we owe,

Cristina M. Lipan
Cristina M. Lipan answered on Dec 28, 2017

A bankruptcy filing will pause the foreclosure, but will not solve the problem. I would not advise attempting the bankruptcy on your own, you will need a bankruptcy attorney for this.

Information provided for informational purposes only and should not be taken as legal advice.

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