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New Mexico State Profile

New Mexico' State Profile - ' Spring 2006. Employment revisions reveal a more robust New Mexico economy. Employment revisions made by the U.S. Bureau of Labor Statistics pegged New Mexico employment growth in 2005 at 2.38 percent for a gain of 18,800 net jobs...


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Finding Opportunity in the New Mexico Real Estate Market: Pre-Foreclosures

To commence, an understanding of the perspective of the homeowner in default and the lender's position is critically important. Also important, is having a good picture of your current financial position.

If you are property owner with equity in the property or a renter looking to purchase a home for the first-time having a foreclosure investment strategy is equally critical. Keys to a strategy are: How much time you have allotted for the investment and the purpose of the investment are key questions to ask. ...


Your New Mexico Pre-foreclosure Resource site.


Finding Quality Pre-foreclosure Listings

Finding pre-foreclosure properties can be done by visiting the local recorder's office and making photocopies, since listings are added on a daily basis, this can be daunting. All the sites listed below offer listings for a fee. Take advantage of the free trial period offered evaluate their listings. The sites should offer the latest listings with daily/monthly updates.

Try a number of pre-foreclosure listings sites and evaluate which offers the best most current listings. Using the internet, a number of web sites allow searches by state, county, city, and zipcode

Trial? Updated? Rating Link
7 days Daily/Weekly ***** RealtyStore.com
1 Week Weekly **** Bargin.com
1 Week Weekly **** RealtyTrac.com
7 days Weekly *** Foreclosurenet.net
3 days Monthly *** Foreclosure.com

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New Mexico Foreclosure Law

  • Judicial Foreclosure Available: Yes
  • Non-Judicial Foreclosure Available: No
  • Primary Security Instruments: Mortgage
  • Timeline: Typically 120 days
  • Right of Redemption: Yes
  • Deficiency Judgments Allowed: Yes




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