Homeowner Preservation Program - New Mexico Attorney General’s Office

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

Get Foreclosure Information and Help at KeepYourHomeNewMexico.org

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:

Are BEHIND on your mortgage
Have received a FORECLOSURE NOTICE
CAN’T AFFORD to stay in your home
Have been solicited or are a VICTIM OF A SCAM
Need information on the NATIONAL MORTGAGE SETTLEMENT
Need a list of RESOURCES

Online resources

Keep Your Home New Mexico
http://www.keepyourhomenewmexico.org/
Independent Foreclosure Review: https://independentforeclosurereview.com/
National Mortgage Settlement: http://www.nationalmortgagesettlement.com/
The Making Home Affordable site: http://www.makinghomeaffordable.gov/
Prevent Loan Scam site: http://www.preventloanscams.org
Tool to determine NPV: www.checkmynpv.com
List of NM HUD counselors: http://www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm?webListAction=search&searchstate=NM
NM Court case lookup: http://www2.nmcourts.gov/caselookup/app
United South Broadway Corporation: http://unitedsouthbroadway.org/
NM MFA: http://www.housingnm.org/

If you have more questions visit our

Frequently Asked Questions page.

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.