January 2018: Avoiding the landmines in Redemption Rights

[David Torres]

This months topic is Redemption Rights.

For both judicial and nonjudicial foreclosures, New Mexico law gives a borrower nine months to redeem the home after a foreclosure sale. However, the terms of the mortgage or deed of trust can reduce the redemption period to not less than one month. (Most mortgages and deeds of trust contain a provision stating that the redemption period will be one month.) N.M. Stat. Ann. §§ 39-5-18, 39-5-19, 48-10-16.

Cover Charge is $10 per person, however your first meeting is FREE!

Where: North Domingo Baca Multigenerational Center

When: Wednesday, October 18, 2017

Dress: The dress is always casual

Do you like ABQREIA Meet UP's ? Don't miss out on this new opportunity to get annual membership for just 100 $.

To sign up contact Dave via e-mail at [email protected] or just come to our Meet up in person.

We now also take Credit Cards!

You can RSVP here:

https://www.meetup.com/ABQREIA/events/246420487/

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Our agenda will include:

6:00 Doors and networking

6:30 - 6:45 Haves and Wants

6:45-7:30 Dave’s Presentation

8:00 Doors close

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David Torres has purchased dozens of redemption rights and actively attends the foreclosure auctions. In addition he owns over 20 rental units, flips 12+ houses a year, and wholesales. He left his full time job as a contractor for the US government 2 years ago. He is married to Becky and they have 3 children together. In his free time, he enjoys triathlon, hunting, and skiing.