The Homeownership Preservation Program is a coordinated statewide effort to provide information and resources to New Mexico homeowners who are at risk of losing their homes to foreclosure.  The Program provides homeowners:

  • A toll-free Foreclosure Hotline
  • Foreclosure Help website
  • Housing counseling
  • Legal advice and representation
  • Community based outreach and education



Check back often for more information as the Program is updated

DON’T GIVE UP...HELP IS AVAILABLE


If you are behind on your mortgage or even if you have received a foreclosure notice there may still some options.  Do not give up trying and more importantly...do not ignore the problem.

Click on the underlined links below if you:

   

 Online resources


    If you have more questions visit our


PUBLICATIONS


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Background
As part of the National Mortgage Settlement, the five banks were required to provide the participating states, the District of Columbia and the Monitor an update on their cumulative consumer relief activities on Nov. 14, 2012.
Download the PDF at the bottom of the page.



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Help! I’m behind on my mortgage payments, what can I do?
Thousands of New Mexicans, just like you, are facing the possibility of foreclosure every day. It can feel like a hopeless situation but there is help available. Ignoring the problem will only make it worse. Take the first step and figure out your options.
Download the PDF at the bottom of the page.



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Facing foreclosure can be stressful. Worried homeowners are desperate for answers and for someone to help. Unfortunately, criminals know this and are preying on fearful homeowners by offering bogus foreclosure help programs. Certain businesses, some purporting to be law firms, claim they can change your loan to reduce your monthly mortgage payment or take other steps to save your home. Some claim high success rates, a money back guarantee, or that they are affiliated with the government or your lender.
Download the PDF at the bottom of the page.



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The National Mortgage Settlement

New Mexico Attorney General Gary King, along with 48 other Attorneys General, Department of Justice, and Department of Housing Urban Development (HUD), brought a lawsuit against five of the nation’s  largest mortgage lenders. It addresses egregious violations of the law in how these servicers handled foreclosure proceedings and includes Bank of America, Chase, Citi, GMAC/ Ally, and Wells Fargo. The result is a $25 billion national settlement that requires significant changes in how these banks service mortgage loans; provides some financial relief for homeowners who already lost their home; and new loan modification and refinance opportunities for those who are still in their home.

Download the PDF at the bottom of the page.



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A GUIDE TO TERMS AND FEES IN REAL

ESTATE AND MORTGAGE TRANSACTIONS

Buying a home can be exciting...but overwhelming. Real estate and mortgage transactions involve many documents, specialized terms and a variety of fees. These terms and fees can be confusing and the volume and number of documents to review does not make the transaction any easier.  

Download the PDF at the bottom of the page.


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Zack Freeman,
Nov 19, 2012, 10:28 AM
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Zack Freeman,
Nov 5, 2012, 1:09 PM
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Zack Freeman,
Apr 2, 2013, 2:53 PM
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Zack Freeman,
Apr 2, 2013, 2:54 PM
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Zack Freeman,
Apr 2, 2013, 2:49 PM
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Zack Freeman,
Nov 5, 2012, 1:09 PM