Foreclosure Redemption Rights Explained

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In a foreclosure is there supposed to be something that states plaintiff seizes or takes possession of property
In a foreclosure process in New Mexico, the court issues a judgment of foreclosure, which typically includes an order to sell the property. The plaintiff (usually the lender) does not directly seize or take possession of the property unless specified. Instead, the property is sold to satisfy the debt.
Is there a particular aspect of the foreclosure process you're concerned about?
Yes judgement says Interest in prompt of all parties hereto are foreclosed and real property discribed abo e is ordered sold.
It seems like you're dealing with a foreclosure judgment in New Mexico. The phrase "interest in prompt of all parties hereto are foreclosed and real property described above is ordered sold" indicates that the court has ordered the sale of the property to satisfy the debt.
Do you need information on the foreclosure sale process or how to respond to this judgment?
Yes
Certainly! In New Mexico, here's some general information on the foreclosure sale process:
- **Notice of Sale**: A notice must be given, detailing the time, date, and place of the sale.
- **Public Auction**: The property is sold at a public auction to the highest bidder.
- **Redemption Period**: After the sale, you might have a limited time to redeem the property by paying the full amount owed.
Would you like more details on any of these steps or have any specific questions about responding to the judgment?
Yes
Certainly! Here are more details on each step of the foreclosure sale process in New Mexico:
- **Notice of Sale**: The notice must be published in a local newspaper and typically includes details such as the time, date, and place of the sale.
- **Public Auction**: The property is sold to the highest bidder at a public auction, often held at the courthouse.
- **Redemption Period**: After the sale, there is usually a period during which the borrower can reclaim the property by paying the full amount owed, including costs.
Do you have any specific questions about responding to the judgment or need more details on any of these steps?
What if they transferred title during redemption period
In New Mexico, if the title is transferred during the redemption period, it can affect the redemption rights. The new title holder may need to redeem the property by paying the full amount owed.
What is your specific concern regarding the title transfer during this period?
I tried to redeem my property back they denied me, a week into redemption period they transferred title.
It sounds like you're facing a significant issue with the redemption of your property. In New Mexico, the redemption period is a critical time. Here are some general points:
- **Redemption Rights**: You typically have the right to redeem your property by paying the full amount owed during the redemption period.
- **Title Transfer**: If the title was transferred during this period, it could complicate your redemption rights.
Could you please confirm which county in New Mexico this took place? This helps in providing more specific guidance.
Valencia
Thank you for providing the county. In Valencia County, New Mexico, the situation you've described could indeed complicate your redemption rights. Here are some general points:
- **Redemption Rights**: You have the right to redeem your property during the redemption period.
- **Title Transfer**: A title transfer within this period may affect your ability to redeem the property.
Would you like guidance on how to challenge the title transfer or need more specific details on redemption rights?

Valencia County District Court


Phone: (*) *-*
Address: * NM-*, Los Lunas, NM *
Website: www.nmcourts.gov
Yes
Certainly! Here are some general steps you can take to challenge the title transfer during the redemption period in Valencia County, New Mexico:
- **Consult an Attorney**: Seek legal advice to understand your rights and options.
- **File a Motion**: You may need to file a motion in court to challenge the title transfer.
- **Gather Evidence**: Collect documents supporting your attempt to redeem the property.
Would you like more detailed information on any of these steps?
What type of motion to challenge title transfer
To challenge a title transfer during the redemption period in Valencia County, New Mexico, you might consider filing a "Motion to Set Aside the Title Transfer."
Here are some key steps:
- **Consult an Attorney**: Get legal advice tailored to your specific case.
- **File the Motion**: Include details about the improper transfer.
- **Present Evidence**: Show proof of your redemption attempt.
Would you like more details on drafting this motion or the filing process?
Ok.thank you
You're welcome! If you need more assistance or have additional questions in the future, feel free to reach out. Good luck with your case!
How can a case proceed if it never went in front of court in first place
It sounds like you're concerned about a legal proceeding that occurred without a court appearance. Generally, in New Mexico:
- **Default Judgment**: If one party fails to respond, the court may issue a judgment without a hearing.
- **Summary Judgment**: The court may decide based on submitted documents if there's no dispute of facts.
Could you provide more details about your situation or the type of case?