This Post Features New Mexico Tax Sales Explained, A Video posted on YouTube on May 16, 2020.

New Mexico Tax Sales Facts:

If you choose to invest in New Mexico tax sales, here are a few facts you need to know. New Mexico has a total of 33 counties and is a deed state. In New Mexico, the bidding style uses the Premium Bid Method. The property tax division at the state taxation & revenue department conducts all auctions.

 

 

All the New Mexico Tax Sales Auctions are On Location

 
The deed to the property conveys to the highest bidder. A few VERY important points to consider. New Mexico tax liens DO NOT have priority over other liens. No warranties to the title convey with any properties purchased at public auction.
 
Buyers of New Mexico tax deeds may have to pay off other liens including mortgages. Property sold at public auction may be subject to a 120 day Federal (IRS) redemption period. This means the investor will almost always purchase a clouded title.
 
The State administers everything but gives the county some decision-making ability. The sales are going to vary by county. There are no over-the-counter (OTC) sales authorized. This is another strike against New Mexico Tax Sales.
 
That said, there would be no point to point to over-the-counter sales. If you can’t buy property that has a “free and clear” title then there is NO WAY you should be doing business. At the end of the day, I can only give these guys a 1 out of 5. They are on my list of states to avoid.

 

My New Book

The last thing I want to do is put a plug-in for my latest book, The Ultimate Dictionary of Real Estate Terms. This book is the consummate real estate reference on the market today. If you want to attempt New Mexico Tax Sales, this book should definitely be on your shelf. I took great pains to make sure that it’s the biggest thing out there. 4300 terms defined over 250 pages. The closest thing that’s even similar is something like 2500 definitions. You can get it at Barnes & Noble or Amazon or 200 other retailers throughout the world for about 20 bucks. However, if you stick around with me until the end of this, I’ll tell you how you can get it for free. But of course not stick around to the end.

For the Tax Sales Course

Click Here:

Interested in Other States? 

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To Get the FREE State Worksheet

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For the Ultimate Real Estate Dictionary

Click Here:

For the Tax Sales Course

Click Here:

Interested in Other States? 

Click Here:

To Get the FREE State Worksheet

Click Here:

For the Ultimate Real Estate Dictionary

Click Here:

Interested in Tax Sales in Another State?

Tax Sales investing is a niche that has the potential to be insanely profitable.

However, most investors do not have a deep understanding of this investing strategy.

Every state has a unique set of rules and regulations. There are some basic rules you need to understand as to how the process works. Generally, states will fall into one of three categories:

  • Tax Lien States
  • Tax Deed States
  • Hybrid States

Hybrids are states who conduct their tax sales by selling tax deeds with a caveat. The deeds have a redemption period much like a tax lien certificate.

This map provides links to information for every state as well as Washington DC.