A judicial foreclosure proceeding can be initiated at any time after default on a secured obligation or a judgment which constitutes a lien on real property. The following form is a complaint that adopts the "notice pleadings" format of the Federal Rules of Civil Procedure, which have been adopted by most states in one form or another. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
The New Mexico Motion for Satisfaction of Money Judgment by Judicial Sale is a legal document that allows a creditor to request the court's approval for the sale of property owned by the debtor to satisfy an outstanding money judgment. In the state of New Mexico, when a debtor fails to repay a money judgment, the creditor has the option to file a Motion for Satisfaction of Money Judgment by Judicial Sale. This motion enables the creditor to seek permission from the court to sell the debtor's property to recover the owed amount. The Motion for Satisfaction of Money Judgment by Judicial Sale adheres to specific guidelines and requirements under New Mexico law. The creditor must submit the motion with the court that handled the initial judgment. It must contain all relevant details, such as the names of the creditor and debtor, case number, and a comprehensive description of the property to be sold. Moreover, the motion must outline the amount owed, including principal, interest, and any additional costs or fees allowed by law. The creditor should also provide a detailed explanation of their efforts to collect the debt through alternative means, such as wage garnishment or bank account levies, and explain why those attempts were unsuccessful. It's important to note that there are no specific variations or types of New Mexico Motion for Satisfaction of Money Judgment by Judicial Sale. However, the motion may include different types of property to be sold, such as real estate, vehicles, or other valuable assets owned by the debtor. The court will review the motion and verify its compliance with legal requirements. If approved, the court will schedule a judicial sale, where the debtor's property will be publicly auctioned to the highest bidder. The proceeds from the sale will go towards satisfying the creditor's money judgment, plus any applicable costs incurred during the sale process. In conclusion, the New Mexico Motion for Satisfaction of Money Judgment by Judicial Sale is a crucial legal document that allows creditors to recover unpaid debts by requesting court approval for the sale of the debtor's property. It is an effective means for creditors to enforce money judgments and receive the compensation they are owed.
