Delinquent Property Tax
The state issues a tax deed equivalent to a quitclaim deed. The deed conveys all of the former owner’s interest in the real property as of the date the state’s lien for real property taxes arose. This deed is subject only to perfected interests in the real property that existed before the date of the property tax lien. New Mexico warrants no title to property you buy at public auction. It is sold “as is.” The deed issued by PTD can be used as the basis to begin clearing the title through the court.
Interest in real property is “perfected” when the deed or lien is recorded with the County Clerk’s Office in the county where the property is located.