{"id":989,"date":"2020-10-21T10:22:44","date_gmt":"2020-10-21T16:22:44","guid":{"rendered":"https:\/\/www.tax.newmexico.gov\/businesses\/?page_id=989"},"modified":"2026-04-23T10:31:33","modified_gmt":"2026-04-23T16:31:33","slug":"delinquent-property-tax-auctions","status":"publish","type":"page","link":"https:\/\/www.tax.newmexico.gov\/businesses\/property-tax-overview\/delinquent-property-tax-auctions\/","title":{"rendered":"Delinquent Property Tax Auctions"},"content":{"rendered":"

[et_pb_section fb_built=”1″ _builder_version=”4.16″ _module_preset=”default” background_repeat=”round” custom_margin=”0px||||false|false” custom_padding=”0px||0px|||” global_colors_info=”{}”][et_pb_row _builder_version=”4.16″ _module_preset=”default” use_background_color_gradient=”on” background_color_gradient_stops=”#ffffff 0%|#dedede 100%” background_color_gradient_start=”#ffffff” background_color_gradient_end=”#dedede ” custom_margin=”0px||||false|false” custom_padding=”4px||4px||true|false” background_color_gradient_stops_tablet=”#ffffff 0%|#dedede 100%” background_color_gradient_stops_phone=”#ffffff 0%|#dedede 100%” border_width_all=”1px” border_color_all=”#c9c9c9″ global_module=”210″ saved_tabs=”all” locked=”off” collapsed=”off” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_dmb_breadcrumbs font_icon=”5||divi||400″ home_icon=”||divi||400″ use_home_text=”on” home_text=”Businesses” _builder_version=”4.16″ _module_preset=”default” body_text_color=”#282728″ separator_text_color=”#282728″ link_text_color=”#000000″ custom_padding=”0px||0px|15px|false|false” global_colors_info=”{}”][\/et_pb_dmb_breadcrumbs][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ specialty=”on” padding_bottom_1=”0px” _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”1_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_blurb title=”Explore Section & Events” use_icon=”on” font_icon=”||divi||400″ _builder_version=”4.16″ _module_preset=”7b5e95ba-231a-438c-8dd9-6676746c29e6″ global_colors_info=”{}”][\/et_pb_blurb][et_pb_sidebar area=”et_pb_widget_area_1″ _builder_version=”4.16″ _module_preset=”50d7f88b-470d-49c8-b370-96c4a9bca4df” custom_margin_tablet=”10px||||false|true” custom_margin_phone=”” custom_margin_last_edited=”on|desktop” custom_padding=”|4%|20px|4%|false|true” saved_tabs=”all” locked=”off” global_colors_info=”{}”][\/et_pb_sidebar][\/et_pb_column][et_pb_column type=”3_4″ specialty_columns=”3″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_row_inner _builder_version=”4.16″ _module_preset=”default” background_color=”#ffffff” custom_padding=”|20px||20px|false|false” global_colors_info=”{}”][et_pb_column_inner saved_specialty_column_type=”3_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_post_title meta=”off” _builder_version=”4.16″ _module_preset=”default” title_font=”|300|||||||” title_font_size=”50px” title_letter_spacing=”-3px” global_colors_info=”{}”][\/et_pb_post_title][et_pb_text _builder_version=”4.27.6″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n

<\/em><\/a>Terms<\/a> of the Property Tax Division Public Auction Sales<\/em><\/strong><\/em><\/strong><\/h2>\n

[\/et_pb_text][et_pb_audio audio=”https:\/\/www.tax.newmexico.gov\/businesses\/wp-content\/uploads\/sites\/4\/2026\/03\/Auction-Terms-3.12.2026.mp3″ title=”Auction Terms Audio Clip” _builder_version=”4.27.6″ _module_preset=”default” title_font=”|700|||||||” title_font_size=”39px” background_color=”#282728″ global_colors_info=”{}”][\/et_pb_audio][et_pb_text _builder_version=”4.27.6″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n

County\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Date of Sale\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Downloadable PDFs\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 <\/strong><\/strong>\u00a0 \u00a0<\/strong>\u00a0 \u00a0<\/strong>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0<\/strong><\/strong><\/span><\/span><\/strong><\/strong><\/strong><\/span><\/strong><\/span><\/strong><\/span><\/span><\/span><\/p>\n

Taos\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 4\/28\/2026 @ 10:00AM\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0Taos<\/a>
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Registration Link For Taos – \u00a0April 28th – <\/strong>https:\/\/forms.gle\/1YMYn2xnhAf5qnFU6<\/a><\/strong><\/p>\n

<\/a><\/p>\n

Taos\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 4\/29\/2026 @ 10:00AM\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0Taos<\/a>
<\/strong><\/span><\/p>\n

Registration Link For Taos\u00a0 – April 29th – <\/strong>https:\/\/forms.gle\/Fibh3XPieRq2GVem8<\/strong><\/a><\/p>\n

<\/strong><\/p>\n

Taos\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 4\/30\/2026 @ 10:00AM\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0Taos<\/a>
<\/strong><\/span><\/p>\n

Registration Link For Taos\u00a0 – April 30th – <\/strong>https:\/\/forms.gle\/RnQBhJbQmyExbs1w5<\/strong><\/a><\/p>\n

<\/strong><\/p>\n

Torrance\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a05\/7\/2026 @ 10:00AM\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0Torrance<\/a>
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<\/span><\/span><\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

 <\/p>\n

\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0<\/strong><\/p>\n

<\/strong><\/p>\n

For additional information, contact the Taxation and Revenue Department,\u00a0<\/span>Property Tax Division<\/a><\/strong>, the\u00a0<\/span>County Treasurer<\/strong><\/a>, or the\u00a0<\/span>County Assessor<\/strong><\/a>.<\/p>\n

The publications on the Property Tax Division Auction site are in Portable Document Format (PDF). To view them you need the Adobe Acrobat Reader plug-in installed on your computer. You can download the Reader at no cost from Adobe’s site on the World Wide Web.<\/p>\n

<\/strong><\/p>\n

Sign up to be notified about upcoming auctions<\/a><\/h4>\n

Inspection of Records request<\/a><\/h4>\n

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FREQUENTLY ASKED QUESTIONS ABOUT
DELINQUENT PROPERTY TAX AUCTIONS<\/strong><\/span><\/h1>\n

[\/et_pb_text][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n

Below are some of the frequently asked questions, and responses from the New Mexico Taxation and Revenue Department in regard to delinquent property tax auctions.<\/strong><\/p>\n

To further assist you with your property tax questions, see our website here https:\/\/www.tax.newmexico.gov\/all-nm-taxes\/statutes-with-regulations\/<\/strong><\/a> and open the \u201cProperty Tax Code\u201d file or official copies of filed rules (regulations) can be obtained from the New Mexico Commission of Public Records<\/strong><\/a>. To view only the statutes governing New Mexico tax and fee programs, select \u201cStatutory Chapters in New Mexico Statutes Annotated 1978<\/strong><\/a>.<\/strong>\u201d<\/p>\n

[\/et_pb_text][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n

Before the Auction<\/h3>\n

[\/et_pb_text][et_pb_accordion closed_toggle_text_color=”#282728″ admin_label=”Q&A Accordion” _builder_version=”4.27.4″ _module_preset=”default” locked=”off” global_colors_info=”%91%93″][et_pb_accordion_item title=”Should I do research on properties I am interested in?” open=”on” open_toggle_text_color=”#282728″ closed_toggle_text_color=”#282728″ closed_toggle_background_color=”#DEDEDE” icon_color=”#282728″ _builder_version=”4.27.4″ _module_preset=”86c81c98-3e30-450d-9259-883617c5a3ec” background_color=”#FFFFFF” border_width_all=”2px” border_color_all=”#1C8182″ global_colors_info=”%91%93″]<\/p>\n

Yes, The New Mexico Property Tax Division (PTD) strongly urges all potential bidders to inspect the property ahead of time and check the paper history on the chain of title before the auction. See FAQ\u2019s on \u201cReviewing Property Title History\u201d<\/p>\n

Site inspections must be held outside of the property boundaries; trespassing is not<\/u><\/strong> allowed. All property is sold \u201cas is\u201d and is not guaranteed. There are no refunds, and all sales are final. See the \u201cTerms of the Property Tax Division Public Auction Sales\u201d at the top of this page for more information.<\/p>\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”When does the Property Tax Division conduct Delinquent Property Tax Sales?” open_toggle_text_color=”#282728″ closed_toggle_text_color=”#282728″ closed_toggle_background_color=”#DEDEDE” icon_color=”#282728″ _builder_version=”4.27.4″ _module_preset=”86c81c98-3e30-450d-9259-883617c5a3ec” background_color=”#FFFFFF” border_width_all=”2px” border_color_all=”#1C8182″ global_colors_info=”{}” open=”off”]<\/p>\n

There is not a set schedule for public auction sales; sales are held annually and scheduled as title research is completed, all other collection efforts are exhausted, and as the New Mexico Taxation and Revenue Department Property Tax Division (PTD) moves forward in placing property back on the tax rolls. PTD does not hold sales in all 33 counties each year.<\/p>\n

For information as to when a sale may be conducted in a county that is not listed above, please contact the Property Tax Division office at (505) 827-0883.<\/p>\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”Where are Delinquent Property Tax Auctions held?” open_toggle_text_color=”#282728″ closed_toggle_text_color=”#282728″ closed_toggle_background_color=”#DEDEDE” icon_color=”#282728″ _builder_version=”4.27.4″ _module_preset=”86c81c98-3e30-450d-9259-883617c5a3ec” background_color=”#FFFFFF” border_width_all=”2px” border_color_all=”#1C8182″ global_colors_info=”{}” open=”off”]<\/p>\n

Delinquent Property Tax Auctions are usually conducted at the county courthouse or in a similar location, as designated by the Taxation and Revenue Department, in the county where the properties are located.<\/p>\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”Where can I locate a list of the properties up for auction?” open_toggle_text_color=”#282728″ closed_toggle_text_color=”#282728″ closed_toggle_background_color=”#DEDEDE” icon_color=”#282728″ _builder_version=”4.27.4″ _module_preset=”86c81c98-3e30-450d-9259-883617c5a3ec” background_color=”#FFFFFF” border_width_all=”2px” border_color_all=”#1C8182″ global_colors_info=”{}” open=”off”]<\/p>\n

Upon completion of all preliminary statutory requirements needed to properly offer delinquent properties for sale, a list of the properties to be disposed of is created, and a property tax delinquent property tax auction is scheduled.<\/p>\n

The notice for the hearing, the Terms of the Property Tax Division Public Auction sale, and a list of the properties that are going to be in the auction can be located above by clicking the links under the \u201cDownloadable PDFs\u201d (Property Tax Division does not mail out lists).<\/p>\n

Copies of sale lists can also be obtained through the County Treasurer’s Office or the County Assessor\u2019s Office.<\/p>\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”Why are county treasurers selling mobile homes?” open_toggle_text_color=”#282728″ closed_toggle_text_color=”#282728″ closed_toggle_background_color=”#DEDEDE” icon_color=”#282728″ _builder_version=”4.27.4″ _module_preset=”86c81c98-3e30-450d-9259-883617c5a3ec” background_color=”#FFFFFF” border_width_all=”2px” border_color_all=”#1C8182″ global_colors_info=”{}” open=”off”]<\/p>\n

To collect delinquent taxes, the county treasurer is authorized to seize a mobile home and sell it for taxes under authority of a demand warrant according to Section 7-38-53 NMSA 1978 of the Property Tax Code.<\/p>\n

[\/et_pb_accordion_item][\/et_pb_accordion][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n

Reviewing Property Title history<\/h3>\n

[\/et_pb_text][et_pb_accordion admin_label=”Q&A Accordion” _builder_version=”4.27.4″ _module_preset=”default” locked=”off” global_colors_info=”%91%93″][et_pb_accordion_item title=”Where can I locate information and prior history of a property?” open=”on” open_toggle_text_color=”#282728″ closed_toggle_text_color=”#282728″ closed_toggle_background_color=”#DEDEDE” icon_color=”#282728″ _builder_version=”4.27.4″ _module_preset=”86c81c98-3e30-450d-9259-883617c5a3ec” background_color=”#FFFFFF” border_width_all=”2px” border_color_all=”#1C8182″ global_colors_info=”{}”]<\/p>\n

Individuals planning to attend an auction should research the property ahead of time and check the paper history on the chain of title before the auction.<\/p>\n

Individuals can start by going to the county clerk\u2019s website or office, where the public can seek information on title history. Many county clerks have an online system where individuals can look up the history of the property.<\/p>\n

You may also consider going to or contacting the local county treasures office, county assessor\u2019s office, and district courts office to see if they can provide you with access to view documents that are relevant to the property you are interested in.<\/p>\n

We do recommend that you review the list close to the auction date as it is updated regularly to indicate what properties have been removed from the auction.<\/p>\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”If a buyer purchases a property through a tax sale, are all other existing liens against that property extinguished at that time?” open_toggle_text_color=”#282728″ closed_toggle_text_color=”#282728″ closed_toggle_background_color=”#DEDEDE” icon_color=”#282728″ _builder_version=”4.27.4″ _module_preset=”86c81c98-3e30-450d-9259-883617c5a3ec” background_color=”#FFFFFF” border_width_all=”2px” border_color_all=”#1C8182″ global_colors_info=”{}” open=”off”]<\/p>\n

A sale properly made under Section 7-38-67 NMSA 1978 constitutes full payment of all delinquent taxes, penalties and interest considered as a tax lien<\/strong> against the property at the time of sale. The sale extinguishes the tax lien only. No other liens are extinguished.<\/u><\/strong><\/p>\n

The responsibility to inspect the property and review the chain of title belongs to the buyer prior to the sale.<\/p>\n

Per section 7-38-70 NMSA 1978 (B), If the real property was sold substantially in accordance with the Property Tax Code, the deed conveys all of the former property owner’s interest in the real property as of the date the state’s lien for real property taxes arose in accordance with the Property Tax Code, subject only to perfected interests in the real property existing before the date the property tax lien arose.<\/p>\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”Does the Property Tax Division provide buyers with title information (deeds, mortgage, liens, etc.) prior to a tax sale?” open_toggle_text_color=”#282728″ closed_toggle_text_color=”#282728″ closed_toggle_background_color=”#DEDEDE” icon_color=”#282728″ _builder_version=”4.27.4″ _module_preset=”86c81c98-3e30-450d-9259-883617c5a3ec” background_color=”#FFFFFF” border_width_all=”2px” border_color_all=”#1C8182″ global_colors_info=”{}” open=”off”]<\/p>\n

The New Mexico Taxation and Revenue Department Property Tax Division (PTD) does not<\/strong> furnish title information, maps, or suggestions about the locations of properties being sold. The responsibility to inspect the property and review the chain of title belongs to the buyer prior to the sale. Buyers should know exactly what they are buying before the sale.<\/p>\n

Site inspections must be held outside of the property boundaries; trespassing is not<\/u><\/strong> allowed. All property is sold \u201cas is\u201d and is not guaranteed. There are no refunds, and all sales are final. See the \u201cTerms of the Property Tax Division Public Auction Sales\u201d at the top of this page for more information.<\/p>\n

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At the Auction<\/h3>\n

[\/et_pb_text][et_pb_accordion admin_label=”Q&A Accordion” _builder_version=”4.27.4″ _module_preset=”default” locked=”off” global_colors_info=”%91%93″][et_pb_accordion_item title=”What determines the minimum bid on real property?” open=”on” open_toggle_text_color=”#282728″ closed_toggle_text_color=”#282728″ closed_toggle_background_color=”#DEDEDE” icon_color=”#282728″ _builder_version=”4.27.4″ _module_preset=”86c81c98-3e30-450d-9259-883617c5a3ec” background_color=”#FFFFFF” border_width_all=”2px” border_color_all=”#1C8182″ global_colors_info=”{}”]<\/p>\n

The minimum bid is based on the total of taxes, penalty, interest and costs due.<\/p>\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”What is the process of participating in an auction?” open_toggle_text_color=”#282728″ closed_toggle_text_color=”#282728″ closed_toggle_background_color=”#DEDEDE” icon_color=”#282728″ _builder_version=”4.27.4″ _module_preset=”86c81c98-3e30-450d-9259-883617c5a3ec” background_color=”#FFFFFF” border_width_all=”2px” border_color_all=”#1C8182″ global_colors_info=”{}” open=”off”]<\/p>\n

The day before, view the most recent auction notice at the top of this website or verify with the county treasurer\u2019s office that the property you are interested in has not been pulled from the list of properties that will be auctioned.<\/p>\n

The registration at the auction begins at 8 a.m. and will close immediately at 10 a.m. when the auction starts. You will need to scan the QR code at the door with your phone camera and begin your registration. Once complete, please sit back and wait to be called by an associate from the Property Tax Division \u2013 Delinquent Bureau.<\/p>\n

You will want to determine how much money you will be willing to spend at the auction and make sure that you have secured funds for that amount. If paying with a check, please review the frequently asked questions below on \u201cpayment at the auction\u201d.<\/p>\n

If you didn\u2019t succeed at the auction, you are free to leave.<\/p>\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”I am ready to bid on some property. What do I do?” open_toggle_text_color=”#282728″ closed_toggle_text_color=”#282728″ closed_toggle_background_color=”#DEDEDE” icon_color=”#282728″ _builder_version=”4.27.4″ _module_preset=”86c81c98-3e30-450d-9259-883617c5a3ec” background_color=”#FFFFFF” border_width_all=”2px” border_color_all=”#1C8182″ global_colors_info=”{}” open=”off”]<\/p>\n

Individuals interested in bidding on property must register as bidders on the day of the sale. Registration will close promptly at the start of the sale.<\/p>\n

Bidding is on an oral basis, and bidders must be physically present or be represented by an agent.<\/p>\n

In the event an agent is representing a bidder, the agent must present to the Property Tax Division, upon registration, a notarized document authorizing him to act as an agent for the party he will represent.<\/p>\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”I was successful in by bid! What now?” open_toggle_text_color=”#282728″ closed_toggle_text_color=”#282728″ closed_toggle_background_color=”#DEDEDE” icon_color=”#282728″ _builder_version=”4.27.4″ _module_preset=”86c81c98-3e30-450d-9259-883617c5a3ec” background_color=”#FFFFFF” border_width_all=”2px” border_color_all=”#1C8182″ global_colors_info=”{}” open=”off”]<\/p>\n

If you are fortunate to buy at the auction you will have to notify the staff that you\u2019re ready and have your money on hand.<\/p>\n

The staff will call you all bidders in numerical order beginning with number 1 and go from there until all bidders have been called. Once they have gone through the cycle they will start again.<\/p>\n

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Payment at the Auction<\/h3>\n

[\/et_pb_text][et_pb_accordion admin_label=”Q&A Accordion” _builder_version=”4.27.4″ _module_preset=”default” locked=”off” global_colors_info=”%91%93″][et_pb_accordion_item title=”What types of payment are acceptable at public auction sales? ” open=”on” open_toggle_text_color=”#282728″ closed_toggle_text_color=”#282728″ closed_toggle_background_color=”#DEDEDE” icon_color=”#282728″ _builder_version=”4.27.4″ _module_preset=”86c81c98-3e30-450d-9259-883617c5a3ec” background_color=”#FFFFFF” border_width_all=”2px” border_color_all=”#1C8182″ global_colors_info=”{}”]<\/p>\n

All payments at public auctions must be in the form of a cashier\u2019s check, money order, personal check or company check. There is reasonable time after the conclusion of the sale for parties to acquire a cashier\u2019s check or money order for their purchases.<\/p>\n

A letter of guarantee from the issuing bank must accompany personal and company checks at the time of registration. Personal or company checks are unacceptable without the letter of guarantee. <\/strong>See the FAQ below, \u201cI will be paying with a check. Is there anything that I need to know?\u201d for more information.<\/p>\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”I will be paying with a check. Is there anything that I need to know?” open_toggle_text_color=”#282728″ closed_toggle_text_color=”#282728″ closed_toggle_background_color=”#DEDEDE” icon_color=”#282728″ _builder_version=”4.27.4″ _module_preset=”86c81c98-3e30-450d-9259-883617c5a3ec” background_color=”#FFFFFF” border_width_all=”2px” border_color_all=”#1C8182″ global_colors_info=”{}” open=”off”]<\/p>\n

For a delinquent tax <\/u>auction, a personal or business check will not be accepted unless it is accompanied by a letter of guarantee from the bank the check will be made from. A letter of guarantee is a document issued by the bank that assures PTD that for this purpose, a check up to a certain amount is accessible to the account holder and the check is able to be cashed for the amount identified on the letter.<\/p>\n

All letters of guarantee must state that the bank will “guarantee payment’ <\/em>up to a stated specific amount. A letter of guarantee from the issuing bank must be provided at the time of registration. The letter needs to be on a banks official letterhead and must include the name of the individual or business that will be bidding on the property, the date of the auction taking place, the funds that are available, and the maximum dollar amount honored by the bank.<\/p>\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”What happens if a buyer does not pay for a piece of property?” open_toggle_text_color=”#282728″ closed_toggle_text_color=”#282728″ closed_toggle_background_color=”#DEDEDE” icon_color=”#282728″ _builder_version=”4.27.4″ _module_preset=”86c81c98-3e30-450d-9259-883617c5a3ec” background_color=”#FFFFFF” border_width_all=”2px” border_color_all=”#1C8182″ global_colors_info=”{}” open=”off”]<\/p>\n

Any bidder who does not pay before the auction closes may not<\/strong> participate in any future property tax sales. In addition, the bidder is responsible for all costs, expenses, and attorney fees expended in the collection of uncollected bids.<\/p>\n

For more information see \u201cWhat types of payment are acceptable at public auction sales?\u201d<\/p>\n

[\/et_pb_accordion_item][\/et_pb_accordion][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n

After the Auction<\/h3>\n

[\/et_pb_text][et_pb_accordion admin_label=”Q&A Accordion” _builder_version=”4.27.4″ _module_preset=”default” locked=”off” global_colors_info=”%91%93″][et_pb_accordion_item title=”Will property at a delinquent tax sale be assessed and taxed based on the amount it was purchased for?” open=”on” open_toggle_text_color=”#282728″ closed_toggle_text_color=”#282728″ closed_toggle_background_color=”#DEDEDE” icon_color=”#282728″ _builder_version=”4.27.4″ _module_preset=”86c81c98-3e30-450d-9259-883617c5a3ec” background_color=”#FFFFFF” border_width_all=”2px” border_color_all=”#1C8182″ global_colors_info=”{}”]<\/p>\n

The purchase price of the property acquired at auction will not be used for valuation purposes. The county assessor has already determined a taxable value on the property based on their appraisal analysis of similar properties in the area.<\/p>\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”What type of deed does the Property Tax Division issue for property purchased at tax sales?” open_toggle_text_color=”#282728″ closed_toggle_text_color=”#282728″ closed_toggle_background_color=”#DEDEDE” icon_color=”#282728″ _builder_version=”4.27.4″ _module_preset=”86c81c98-3e30-450d-9259-883617c5a3ec” background_color=”#FFFFFF” border_width_all=”2px” border_color_all=”#1C8182″ global_colors_info=”{}” open=”off”]<\/p>\n

The deed that the state issues is a Tax Deed<\/strong>. The deed conveys all of the former owner’s interest in the real property as of the date of the state\u2019s lien for real property taxes arose.<\/p>\n

The deed is subject only to “perfected interests” in the real property existing before the date the property tax lien came into being. The state of New Mexico does not warrant any title to property purchased at a public auction sale.<\/p>\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”What is a perfected interest?” open_toggle_text_color=”#282728″ closed_toggle_text_color=”#282728″ closed_toggle_background_color=”#DEDEDE” icon_color=”#282728″ _builder_version=”4.27.4″ _module_preset=”86c81c98-3e30-450d-9259-883617c5a3ec” background_color=”#FFFFFF” border_width_all=”2px” border_color_all=”#1C8182″ global_colors_info=”{}” open=”off”]<\/p>\n

Interest in real property is \u201cperfected\u201d when the deed or lien is recorded with the County Clerk\u2019s Office in the county where the property is located.<\/p>\n

The state issues a tax deed equivalent to a quitclaim deed. The deed conveys all of the former owner\u2019s interest in the real property as of the date the state\u2019s 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.<\/p>\n

New Mexico warrants no title to property you buy at public auction. It is sold \u201cas is.\u201d The deed issued by the New Mexico Property Tax Division (PTD) can be used as the basis to begin clearing the title through the court<\/p>\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”Does the State of New Mexico have a \u201cRight of Redemption\u201d for former owners?” open_toggle_text_color=”#282728″ closed_toggle_text_color=”#282728″ closed_toggle_background_color=”#DEDEDE” icon_color=”#282728″ _builder_version=”4.27.4″ _module_preset=”86c81c98-3e30-450d-9259-883617c5a3ec” background_color=”#FFFFFF” border_width_all=”2px” border_color_all=”#1C8182″ global_colors_info=”{}” open=”off”]<\/p>\n

The State of New Mexico does not have a Right of<\/u><\/em> Redemption for former owners<\/u>. <\/em><\/p>\n

However, there is a two-year period allowed in which the former owner, or someone claiming through him, has the right to challenge the sale through court under Section 7-38-70 NMSA 1978.<\/p>\n

The only redemption period in New Mexico is the “120-day Federal IRS redemption period” <\/em>(this means if the federal government has a lien on the property, they may exercise their option as a lien holder against the property within 120 days of sale).<\/p>\n

[\/et_pb_accordion_item][\/et_pb_accordion][\/et_pb_column_inner][\/et_pb_row_inner][\/et_pb_column][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"

Terms of the Property Tax Division Public Auction SalesCounty\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Date of Sale\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Downloadable PDFs\u00a0 \u00a0 \u00a0 \u00a0 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":947,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"class_list":["post-989","page","type-page","status-publish","hentry"],"yoast_head":"\nDelinquent Property Tax Auctions : Businesses<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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