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How the Right of Redemption Works

A homeowner can reclaim their property after foreclosure by filing a petition for redemption and depositing the sale amount within one month of the judge’s order approving the foreclosure sale.

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Can’t Redeem the Property Yourself?
If redeeming the property isn’t an option for you, give us a call. We’ll work with you to negotiate fair compensation for assigning your right of redemption to us—turning your situation into an opportunity.

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Foreclosure on the Horizon? We're Here to Help.
When foreclosure seems unavoidable, reach out. We’ll explain your right of redemption in a clear, honest, and compassionate way, so you can make the best decision for your future.

Learn more by reading the statute at laws.nmonesource.com.

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