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New Mexico Foreclosure Laws

Attorney General’s Office

408 Galisteo Street
Villagra Building
Santa Fe, New Mexico 87501
Tel:(505)827-6000
Fax: (505)827-5826
www.ago.state.nm.us

Type of Document: Trust Deed

Only judicial foreclosure is allowed in the foreclosing of residential real estate.

Deficiency: The lender may pursue a deficiency judgment.

Redemption:The borrower has between one and nine months to redeem the property. All they have to pay is the amount owed plus 10% interest.

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