Property Ownership
Escheat in New Mexico refers to:
AProperty taxes increasing each year
BThe state taking ownership of property when an owner dies without a will and without heirs✓ Correct
CThe government taking property for public use
DHOA seizure of a property for unpaid dues
Explanation
Escheat is the process by which property of an owner who dies intestate (without a will) and without heirs reverts to the state. It ensures that property always has an owner.
Related New Mexico Property Ownership Questions
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