(DOWNLOAD) "Western Bank of Las Cruces v. Malooly" by New Mexico Court of Appeals ~ eBook PDF Kindle ePub Free

July 28, 2021

eBook details

Title: Western Bank of Las Cruces v. Malooly
Author : New Mexico Court of Appeals
Release Date : January 19, 1995
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 69 KB

Description

This case arises from a mortgage foreclosure action. Appellant Georgette Malooly (Malooly) and Appellee Jose Frietze (Frietze) both held junior liens against the foreclosed property. After foreclosure and sale of the property, Malooly and Frietze both attempted to redeem it pursuant to NMSA 1978, Section 39-5-18 (Repl. Pamp. 1991). This appeal raises three issues: (1) whether our redemption statute permits redemption by the assignee of a junior lienholder; (2) whether Malooly has a superior right of redemption over Frietze by virtue of her status as judicial sale purchaser; and (3) whether the trial court erred in computing the dollar amount required for redemption. We affirm on Issues 1 and 2 and remand for a hearing on Issue 3. FACTS

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