News & Events

Anthony Home Saved From Predatory Lender
February 25, 2020

Unlicensed mortgage lenders made loans in violation of New Mexico Law.
Judge Rules CitiMortgage Can't Foreclose on South Valley Family
October 21, 2019

The court documents revealed that although CitiMortgage had been collecting payments for 20 years, the company never actually acquired the loan documents.
Las Vegas Homeowners Faced Foreclosure After Their Mortgage Company Lost a MoneyGram Payment
May 16, 2019

Sara and Valerie* are sisters who co-own their home in Las Vegas, NM. Together, they have fostered over 60 children and adopted 5.
Farmington Family of Nine Successfully Avoids Foreclosure
May 16, 2019

Complicated FHA regulations snarled the loan modification process.
Complex Foreclosure Case Resolved by Settlement
May 15, 2019

A Santa Fe homeowner countersued Bank of Oklahoma for flood damage to her home after the bank locked her out.
Community Presentation: Real Estate Contracts
April 18, 2018

The NM Hispanic Bar Association will host a FREE community presentation on home purchases under real estate contracts. Se habla espanol.
Clovis business reaches settlement with the Attorney General's office
January 11, 2018

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California Man Accused of Deceiving Ohioans in Mortgage Loan Modification Scheme
November 8, 2017

PDF Version [1.2 MB]
Nusenda Credit Union's Community Stories webpage
November 7, 2017

New Mexico Legal Aid's Foreclosure Defense Project was featured on Nusenda Credit Union's Community Stories webpage. Thank you, Nusenda, for supporting civil legal aid!
Free Foreclosure Workshop!
April 21, 2017

PDF Version [45.6 K]
Free Legal Advice Now Available Through Online Service
March 13, 2017

The Volunteer Attorney Program, State Bar of New Mexico, and New Mexico Legal Aid are excited to announce the launch of! A virtual legal clinic for New Mexicans to ask their civil (non-criminal) legal questions to a volunteer lawyer for free!
Washington State Supreme Court Bans Foreclosure Lock-Outs
July 19, 2016

"The mortgage industry is wrestling with the significance of the 6-3 ruling, which found that provisions standard in mortgage documents around the country conflict with state law. The provisions allow for lenders to change locks, winterize homes or take other steps to preserve the value of properties that are in default or abandoned."
May 27, 2016

Las Cruces family home rescued from foreclosure with team effort by Keep Your Home New Mexico partner organizations
The Qualified Principal Indebtedness Exclusion Revived and Extended for Two Years
January 7, 2016

On December 18, 2015, President Barack Obama signed the Consolidated Appropriations Act of 2016, Public Law 114-113 (129 Stat. 2242; 887 pages), which includes a two-year extension of the qualified principal residence indebtedness exclusion that had expired at the end of 2014. The qualified principal residence indebtedness exclusion has been an important tax exclusion for struggling homeowners trying to pick up the pieces since the foreclosure crisis. Typically when debt is forgiven, the discharged amount is included in a taxpayer’s gross income. The qualified principal residence indebtedness exclusion in 26 U.S.C. § 108(a)(1)(E), however, allows a taxpayer to exclude up to $2 million of the forgiven debt related to a decline in the value of the residence or to the financial condition of the taxpayer. Many shorts sales and mortgage modifications include debt forgiveness that falls under the qualified principal residence indebtedness exclusion. Without this two-year extension, many homeowners entering into these agreements in 2015 and 2016 may have been subject to a hefty tax bill.