At the Albuquerque law firm of Giddens & Gatton Law,amp; P.C., we help people across New Mexico facing severe debt problems to find legal solutions. Unfortunately, debts quickly mount when a consumer is faced with unexpected job loss or a medical crisis, often putting his or her home at risk of foreclosure when mortgage payments are missed.
Clients often come to us with complex money problems that can include potential loss of homes through foreclosure when monthly mortgage payments become impossible because of unemployment and other factors. While the number of foreclosures nationally in May 2017 had dropped 19 percent over the previous year, New Mexico ranked number 8 of all states for the number of foreclosures, according to ATTOM Data Solutions as reported by credit.com.
The past decade hasn't been kind to many people, and the combination of job losses and a tightening economy have caused many to take on more debt.