Getting Your Home Back After a Tax Sale in New Mexico
How long you have to redeem a home after a property tax sale or tax lien sale in New Mexico, and how to do it.
Short answer: The state (through the Property Tax Division of the Taxation and Revenue Department) may sell real property for delinquent property taxes any time after three years from the date the taxes first became delinquent. NMSA 1978, §§ 7-38-65, 7-38-66, 7-38-68, 7-38-70, 7-38-71
| Property tax sales | The state (through the Property Tax Division of the Taxation and Revenue Department) may sell real property for delinquent property taxes any time after three years from the date the taxes first became delinquent. The owner is notified by certified mail 20 to 30 days before the sale and can stop it by paying all delinquent taxes, penalties, interest and costs by 5:00 p.m. the day before the sale, or by entering an installment agreement with the department by then. After the sale, the Property Tax Division issues a deed to the buyer; after two years from the sale date, the former owner can no longer bring a lawsuit challenging the conveyance. Any sale money left after costs, penalties, interest and taxes is paid to the former owner. The tax-sale sections reviewed describe paying before the sale; they do not describe a right to redeem after the sale. |
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More New Mexico foreclosure & homeowner law
- How Foreclosure Works in New Mexico
- Redemption and Deficiency Judgments in New Mexico
- HOA Liens and Foreclosure in New Mexico
- All New Mexico foreclosure & homeowner law rules
FAQ
How do you get your home back after a tax sale in New Mexico?
The state (through the Property Tax Division of the Taxation and Revenue Department) may sell real property for delinquent property taxes any time after three years from the date the taxes first became delinquent. The owner is notified by certified mail 20 to 30 days before the sale and can stop it by paying all delinquent taxes, penalties, interest and costs by 5:00 p.m. the day before the sale, or by entering an installment agreement with the department by then. After the sale, the Property Tax Division issues a deed to the buyer; after two years from the sale date, the former owner can no longer bring a lawsuit challenging the conveyance. Any sale money left after costs, penalties, interest and taxes is paid to the former owner.
General legal information, not legal advice. Laws change and local rules can differ; check the linked official source or talk to a lawyer about your situation.