Legal Question in Real Estate Law in New Mexico
terminating a real estate contract
Can a real estate conytact in new mexico that has been in default , be terminated without going to court.
Asked on 7/15/09, 9:46 pm
1 Answer from Attorneys
Charles Aspinwall
Charles S. Aspinwall, J.D., LLC
Re: terminating a real estate contract
Yes, if it remains in default, but if the resident refuses to move then going to court is required. The escrow company is usually instructed to return the papers to the seller when it determines that a default has occurred and the time to cure it has passed.
Answered on 7/16/09, 2:10 pm