News & Events

Free Foreclosure Workshop!
April 21, 2017

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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 NM.freelegalanswers.org! 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."
Success!
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.
ABQ housing distress slow to improve
January 4, 2016

Housing distress continues to recede at a slower pace in the Albuquerque metro area than in the nation as a whole, real-estate data and services provider CoreLogic reported Wednesday.
Owning A Home: The homebuyer's trusted resource
December 2, 2015

Consumer Financial Protection Bureau gives tools and resources on their website for new homeowners to assist with the mortgage process.
SCAM ALERT
November 24, 2015

Ocwen Modification Scam
Service Members' Compensation for Unlawful Foreclosures Under Servicemembers Civil Relief Act
October 6, 2015

Release on September 30, 2015 by the Department of Justice Office of Public affairs
Santa Fe New Mexican Reader View: New Mexicans have help keeping their homes
June 13, 2015

"As the first person in my family to qualify for a mortgage, I know how vital it is to get and keep a home. Buying a home is part of the American dream and one of the best ways for families to find stability that builds communities, neighborhoods — and safety."   ~ Hector Balderas
Attorney General Balderas Announces Direct Payment & Relief
March 13, 2015

Attorney General Balderas Announces Direct Payment & Relief for 230 New Mexico Homeowners Who Suffered Mortgage Servicing Abuses by SunTrust Mortgage