HSBC BANK USA v. FENTON

No. 24,974.

125 P.3d 644 (2005)

138 N.M. 665

2005-NMCA-138

HSBC BANK USA as Trustee, Plaintiff, v. Lisa L. FENTON, a/k/a Lisa Lynn Fenton; Mark Fenton; John Doe and Jane Doe, True Names Unknown Tenants, Defendants. Clarke Cagle, by substitution in place and instead of Daniel E. Hudson, Petitioner-Appellant, Vista de la Cumbre, Petitioner-Appellee.

Court of Appeals of New Mexico.

May 25, 2005.


Attorney(s) appearing for the Case

Sylvain Segal, Law Offices of Sylvain Segal, Albuquerque, NM, for Appellant.

John E. Farrow, Fairfield, Farrow & Strotz, P.C., Albuquerque, NM, for Appellee.


OPINION

BUSTAMANTE, Chief Judge.

{1} This case decides how New Mexico will prioritize redemption attempts by more than one party after a mortgage foreclosure. The district court held that the assignee of the original owner had priority to redeem over the assignee of the redemption right of a lien creditor, even though the lien creditor was the first to file. We adopt the first in time, first in right rule, and reverse the district court.

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