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102 new this week Next auction Fri, Nov 13

State Info

2,033 listings in New Mexico

Foreclosure Homes in New Mexico

There are currently 2,033 foreclosure homes listed in New Mexico. Buying a distressed property in New Mexico can save you as much as 50 percent compared to a traditional sale. Along with bank-owned foreclosures, you can browse rent-to-own homes, short sales, preforeclosures, bankruptcies and government-owned listings such as HUD, Fannie Mae and Freddie Mac. Pick a city or county below to see every distressed listing in New Mexico.

102 new Added this week in New Mexico

See all 102 new listings
  1. Property in Cuba, NM 87013 NEW Preforeclosure Price coming soon Cuba, NM 87013
  2. Property in Farmington, NM 87402 NEW Preforeclosure Est. $195K Farmington, NM 87402 Single-Family
  3. Property in Rio Rancho, NM 87144 NEW Preforeclosure Price coming soon Rio Rancho, NM 87144
  4. Property in Albuquerque, NM 87121 NEW Preforeclosure Price coming soon Albuquerque, NM 87121 Single-Family
  5. Property in Belen, NM 87002 NEW Foreclosure Est. $160K Belen, NM 87002 Single-Family
  6. Property in Deming, NM 88030 Added yesterday Preforeclosure Est. $116K Deming, NM 88030
  7. Property in Albuquerque, NM 87108 Added yesterday Foreclosure Est. $366K Albuquerque, NM 87108 Single-Family
  8. Property in Grants, NM 87020 Added Nov 11 Preforeclosure Price coming soon Grants, NM 87020 Single-Family
  9. Property in Albuquerque, NM 87104 Added Nov 11 Bankruptcy Est. $280K Albuquerque, NM 87104
  10. Property in Artesia, NM 88210 Added Nov 11 Bankruptcy Est. $207K Artesia, NM 88210
Most new in

Upcoming New Mexico auctions

See all 67 homes at auction this week
  1. Dona Ana County 5 homes, today
  2. Sandoval County 2 homes, today
  3. Bernalillo County 1 home, tomorrow
  4. Colfax County 1 home, tomorrow

New Mexico Foreclosure Laws

New Mexico mainly uses judicial foreclosure, meaning the lender must go to court before the property can be sold. Most home loans are secured by mortgages. Because cases move through the court system, the process can take many months. Deficiency judgments may be allowed if the sale price does not cover the full amount owed.

Foreclosure type
Judicial
Typical timeline
2-4 months typical
Deficiency judgment
Deficiency judgments permitted with limitations
Redemption period
Limited redemption rights.
Process and statute references
  • Mortgage Instrument Security Type
    Mortgage and Deed of Trust. Both are widely used.
  • Process Summary
    New Mexico primarily uses judicial foreclosure. Nonjudicial foreclosure is available for deeds of trust but is used less frequently.
  • Notice / Timing Statute
    New Mexico Statute § 39-5-1 et seq., § 48-10-1 et seq. (judicial foreclosure; HLPA requirements)
  • Redemption Statute(s)
    New Mexico Statute § 39-5-18, § 48-7-23 (redemption periods vary by circumstances)
  • Deficiency Statute(s)
    New Mexico Statute § 48-7-21 (deficiency based on fair market value)

How to Buy a Foreclosure in New Mexico

In New Mexico, search for foreclosure notices via county public trustee listings, MLS, and newspaper publications. New Mexico' non-judicial foreclosure demands notice and timeline compliance. Arrange your financing early. Conduct title and inspection checks. Attend the trustee' sale and finalize payment.

What type of foreclosure is used in New Mexico?
The type of foreclosure in New Mexico is Judicial
Is there a redemption period in New Mexico?
Limited redemption rights.
Are deficiency judgments allowed in New Mexico?
Deficiency judgments permitted with limitations in New Mexico
How do you buy a foreclosure in New Mexico?
In New Mexico, search for foreclosure notices via county public trustee listings, MLS, and newspaper publications.

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