We buy houses for cash across New Mexico, starting with Albuquerque. Inherited, behind on payments, rented out, worn by sun and wind, or empty, we can make you an as-is offer.
We buy houses in all 50 states. These are just some of the areas we serve. Don't see your city? We still want to hear from you.
New Mexico cities we buy in
- Albuquerque (Bernalillo County)
Your New Mexico town isn't on the list? We still buy there. Call 407-775-2255.
How foreclosure works in New Mexico
New Mexico is a judicial foreclosure state. The lender files in District Court, and after judgment the house is sold. The owner generally has nine months after the sale to redeem, though the mortgage can shorten that to as little as one month. Federal servicing rules generally stop the process from starting until a borrower is more than 120 days behind.
What that means for you: there's usually time to sell before the sale. Selling protects equity that a foreclosure can take.
Inherited houses and probate in New Mexico
Simple, uncontested estates can often be opened informally in the county Probate Court, and more complicated ones go to District Court.
- Transfer on death deeds: New Mexico allows TOD deeds. If the owner recorded one before death, the house passes without probate.
See inherited houses and probate.
No transfer tax
New Mexico has no real estate transfer tax, just normal recording fees.
New Mexico landlords
For unpaid rent, a landlord gives a written three-day notice before filing. If you're done, we buy with tenants in place.