Home Foreclosure Prevention Options

Summary

Amanda, a homeowner in New Mexico, is struggling with her mortgage payments due to job loss and issues with long term disability and SSI. She has contacted her mortgage lender and FHA, but found no help. She was advised to reach out to New Mexico Legal Aid for assistance and to consider filing for bankruptcy as a potential option to delay or stop the foreclosure process. She was informed that in New Mexico, she has until the date of the foreclosure sale to file for bankruptcy.

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I own my own home and recently lost my job. I’m having issues with getting long term disability with my old employer and currently applying for ssi with no unemployment resources. I need to speak with someone about my options for keeping my home?
Have you contacted your mortgage lender to discuss potential options or relief programs?

In New Mexico, foreclosure laws include:
- Judicial foreclosure process
- Right of redemption period of 9 months
- Deficiency judgments allowed

Contact New Mexico Legal Aid at *-*-* for assistance.
they have been no help. Struggling with payments from fha. I will definitely give legal aid a call. Thanks :)
I'm glad you're reaching out to New Mexico Legal Aid. They can provide guidance on foreclosure prevention. Also, consider contacting FHA at *-*-*-* for assistance.
I did but they don’t want to give me any advice they were the ones that asked me to reach out and get legal advice?
Have you considered filing for bankruptcy? It can potentially delay or stop the foreclosure process. However, it's a serious decision with long-term consequences.
no I haven’t . I don’t know how much time I have to figure it out. ?
In New Mexico, you have until the date of the foreclosure sale to file for bankruptcy. Please consult with a bankruptcy attorney for advice.
thank you for all your help. :)
You're welcome, Amanda! Don't hesitate to reach out if you have more questions. Good luck with everything.
thanks
You're welcome, Amanda! If you need further assistance, feel free to contact us. Good luck!