New Mexico is a good state for tax deed sales
Interest Rate
No interest rate, state only conducts tax deed sales
Redemption Period
Varies but 2 years is the period of time the former owner has the right to challenge the ruling in court
New Mexico tax lien certificate auctions
No tax lien auctions, only tax deeds are sold
New Mexico tax deed sales
New Mexico tax foreclosure or land sales can be frequent but do not have to happen at a set time. Some counties have sales 4 times per year. Properties are usually offered when the numbers of delinquent tax payers gets large enough to justify a sale
Bidding Process
Bidding process varies among counties and municipalities but generally competitive bids are used with a beginning price that is approximately equal to the taxes owed.
State Specific Information
Each county sets the rules.
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