The New Mexico Default Order Granting Relief from Stay (Mobile Home) is a document issued by the court granting the homeowner permission to move their mobile home from the lot it is currently occupying. This document is typically issued when a homeowner is facing foreclosure or other financial hardship and needs to move the mobile home to secure a better financial situation. There are two types of New Mexico Default Order Granting Relief from Stay (Mobile Home): voluntary and involuntary. Voluntary relief from stay is when the homeowner voluntarily agrees to move the mobile home, while involuntary relief from stay is when the court orders the homeowner to move the mobile home. In either case, the court will issue the New Mexico Default Order Granting Relief from Stay (Mobile Home) to provide the homeowner with the legal authority to move the mobile home.
New Mexico Default Order Granting Relief from Stay (Mobile Home)
Description
How to fill out New Mexico Default Order Granting Relief From Stay (Mobile Home)?
How much time and resources do you typically spend on composing formal documentation? There’s a greater option to get such forms than hiring legal experts or spending hours browsing the web for a suitable template. US Legal Forms is the premier online library that offers professionally drafted and verified state-specific legal documents for any purpose, like the New Mexico Default Order Granting Relief from Stay (Mobile Home).
To get and prepare a suitable New Mexico Default Order Granting Relief from Stay (Mobile Home) template, follow these easy steps:
- Look through the form content to ensure it complies with your state requirements. To do so, check the form description or utilize the Preview option.
- If your legal template doesn’t satisfy your needs, locate a different one using the search bar at the top of the page.
- If you are already registered with our service, log in and download the New Mexico Default Order Granting Relief from Stay (Mobile Home). If not, proceed to the next steps.
- Click Buy now once you find the right document. Opt for the subscription plan that suits you best to access our library’s full service.
- Sign up for an account and pay for your subscription. You can make a payment with your credit card or via PayPal - our service is absolutely safe for that.
- Download your New Mexico Default Order Granting Relief from Stay (Mobile Home) on your device and fill it out on a printed-out hard copy or electronically.
Another advantage of our library is that you can access previously downloaded documents that you securely store in your profile in the My Forms tab. Get them anytime and re-complete your paperwork as often as you need.
Save time and effort completing legal paperwork with US Legal Forms, one of the most reliable web solutions. Join us today!
Form popularity
FAQ
Motion for Relief from the Automatic Stay is a request by a creditor to allow the creditor to take action against the debtor or the debtor's property that would otherwise be prohibited by the automatic stay.
Automatic Stay -- Immediately after a bankruptcy case is filed, an injunction (called the "Automatic Stay") is generally imposed against certain creditors who want to start or continue taking action against a debtor or the debtor's property.
When relief from stay is granted, it does not remove the property from the bankruptcy estate or grant the creditor ownership of the property. It simply removes the stay and restores the parties to their state law rights. Creditors can then enforce those rights to the extent that the relief from stay order permits.
The Stay Has Been Lifted ? Now What? Once a creditor gets a court order lifting the automatic stay, they are allowed to move forward with foreclosure or repossession of the property that secures the debt. That said, the creditor still needs to follow state law for their collection or eviction proceedings.
A court may grant relief from an automatic stay "for cause, including the lack of adequate protection of an interest in property."1 That refers to circumstances in which the value of a property or secured collateral may decrease while the bankruptcy case is being resolved.
First, once a person files a bankruptcy petition, the automatic stay immediately stops the bank from foreclosing on, or repossessing, the debtor's real or personal property. Examples include the debtor's home or her car. The automatic stay doesn't allow the debtor to avoid mortgage or car payments.