Legal Question in Real Estate Law in New Mexico

real estate contract

I purchased a condo on a real estate contract. I did several improvements on the property, upgrading the value. I lost my job and had to default on contract. Am I entitled to any compensation for the upgrades I did?


Asked on 10/21/08, 11:50 am

1 Answer from Attorneys
Charles Aspinwall Charles S. Aspinwall, J.D., LLC

Re: real estate contract

If the upgrades are attached to the property in a significant way, the unfortunate answer is "no." You may have options other than just walking away, however, if you haven't missed too many payments, you have a substantial investment in the property, and you are able to resume making payments in the very near future.

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Answered on 10/21/08, 3:18 pm


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