New Mexico Supreme Court News:
SANTA FE – The state Supreme Court today adopted rules to help New Mexicans facing the potential loss of their homes after the end of a federal foreclosure moratorium.
Under civil case procedures established by the rules, a foreclosing creditor cannot obtain a judgment against a homeowner until certifying that loan modification and “loss mitigation” negotiations were attempted with the borrower. Before the filing of a foreclosure case, the rules require that homeowners be given information about their loan and possible ways to avoid losing their house.
Community State Courts