States › New Mexico
In New Mexico, the tax collector or treasurer will sell tax deeds to the winning bidders at the delinquent property tax sale.
Tax Sale Type: Tax Deed. (Sec. 7-38-70a 
).
Contact: County Assessor-Collector. (Sec. 7-38-62 ).
Interest Rate and/or Penalty Rate: Not applicable.
Bid Procedure: Premium bid / highest bid. (Sec. 7-38-67 ).
Redemption Period: Not applicable.
Law: New Mexico Statutes, Chapter 7, Article 38, "Administration and Enforcement of Property Taxes."
Additional Notes:
Important According to (Sec. 7-1-49 ) when an investor purchase a property at a New Mexico Tax Deed Sale the investor takes it 'subject to all outstanding prior interests and encumbrances (i.e., mortgages) of record'.
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