Legal Question in Real Estate Law in New Mexico

Seller finance down payment?

Is it legal in the state of New Mexico for a seller to finance all or part of the buyer's down payment?


Asked on 8/25/08, 6:27 pm

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

Re: Seller finance down payment?

It depends upon the loan. If the seller is carrying the paper, then yes; if it is HUD financed, then no.

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Answered on 8/25/08, 6:41 pm


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