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Current as of January 01, 2024 | Updated by Findlaw Staff
A. In all cases of redemption of lands from sale pursuant to the provisions of Sections 39-5-17 through 39-5-23 NMSA 1978:
(1) if the redemption is by payment to the purchaser, it is the duty of the purchaser within forty-five days of receiving payment to create an acknowledged instrument in writing evidencing the redemption; or
(2) if the redemption is by making deposit in the office of the clerk of the district court upon approval of the redemption by the district judge, it is the duty of the clerk of the court to create under the seal of the court an instrument evidencing the redemption.
B. It is the duty of the party redeeming to record the instrument evidencing the redemption in the office of the county clerk in the same manner as other instruments of writing affecting title to real estate.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 39. Judgments, Costs, Appeals § 39-5-23. Duty to record redemption - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-39-judgments-costs-appeals/nm-st-sect-39-5-23/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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