New Mexico Tax Deed
Tax certificates are an easy, solid investment and can help you the average person gain a larger, more secure return on your investment. New Mexico holds tax deed sales only with no tax lien certificate sales available. New Mexico has no interest rate and a redemption period of two years, in other words the owner has up to two years to contest or get the penalties resolved. When there is a substantial amount of delinquent tax payers, land, or properties the county may decide to hold an auction or open sale. Land sales and foreclosures may happen as frequently as four times a year in New Mexico. The county or counties have full discretion over all sales that take place, and it is important to know that even after the sale mortgage liens still apply.