Police warn of mail scam

Freedom New Mexico According to a Portales Police Department press release, an offer being made to Portales homeowners by mail from HomeServe USA Repair Management Corp. for water service line coverage is a scam. Department officials contacted the New Mexico Attorney General’s Office, Consumer Protection Division and confirmed that the mail offer is a scam. […]

Federal program aimed at helping homeowners with mortgage payments

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Alisa Boswell Eastern New Mexico residents may soon benefit from a new federal loan program called The Emergency Homeowner Loan Program. The program is geared toward low-income homeowners who are struggling with mortgage payments. It grants loans ranging from $35,000 to $50,000 per homeowner. Kim McGrigg, spokesperson for Money Management International, one of the multiple […]

HAP aids military homeowners

By Tom Philpott: Military Update Like thousands of American homeowners, John and Susan, a Coast Guard couple, were slammed financially by the real estate crisis. They saw the value of the $150,000 house they bought in Texas in March 2006 plummet, starting in 2007. This month they will sell it for $125,000, well below the […]

Rep. Lujan cosponsors legislation to aid military homeowners

Cannon Connections staff Rep. Ben Ray Lujan has cosponsored legislation to help military homeowners who have had to relocate to a new base and sell their homes during a downturn in the housing market, according to a press release from the state representative’s office. In Curry County and the surrounding area, many Cannon airmen and […]

Officials announce homeowners assistance program details

American Forces Press Service WASHINGTON — Defense Department officials announced Sept. 30, the details for distributing $555 million available under the Homeowners Assistance Program The program is part of the American Recovery and Reinvestment Act passed in February, and it’s designed to partially reimburse those whose service to the nation has required them to relocate […]

Stimulus includes help for homeowners

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Cannon Connections photo: Argen Duncan Cannon Air Force Base Community Readiness Consultant Linda Sapp has recommendations for military personnel trying to protect their finances in the midst of the country’s economic troubles. By Argen Duncan: Cannon Connections Military personnel aren’t immune from the country’s economic troubles, especially when it comes to selling houses, but they […]

Officials: Stimulus package should help homeowners and schools

By Garbiel Monte and Argen Duncan As a stimulus package aimed at infusing almost $800 billion into the economy hurtles through Congress on its way to the president’s desk, eastern New Mexico residents are hopeful it boosts the economy. Eastern New Mexico officials said the package should include money to help homeowners fight foreclosure and […]

Egolf proposes tax districts for solar loans

By Staci Matlock: The New Mexican New Mexico homeowners could get loans for solar electricity systems and pay back the money through their property taxes under a bill introduced Tuesday by Rep. Brian Egolf, D-Santa Fe. House Bill 572 would allow counties to establish special assessment districts for solar-energy improvements. Egolf thinks it is the […]

Government can’t soften blow to U.S. economy

Editorial No one can now deny the obvious: The housing bubble, especially in high-priced real estate markets, has popped. New home sales are projected to fall nationwide to 805,000 this year, down 23 percent from 1.05 million last year, the National Association of Realtors has reported. If that happens, it would be the worst year […]

Taxpayers shouldn’t be responsible for other’s choices

Editorial The American dream includes owning one’s own home. For many in New Mexico, those homes are in or near the mountains. In coastal states, it’s often beach-front property — where folks such as Cindy Armour can be lulled to sleep by the sound of waves washing ashore and awaken to the cries of gulls. […]