Escrow & Title
In New Mexico, a 'property tax certificate of purchase' (tax lien certificate) is issued to the purchaser at a tax sale. This gives the purchaser:
AImmediate fee simple title to the property
BThe right to collect interest on the delinquent taxes and, if the owner does not redeem the property within the redemption period, the right to obtain a deed✓ Correct
CThe right to move into the property immediately
DOwnership of the mineral rights only
Explanation
At a NM tax sale, the purchaser receives a certificate of purchase (tax lien certificate) and earns interest on the delinquent amount. The original owner has a redemption period to pay the taxes and reclaim the property. If not redeemed, the certificate holder can obtain a tax deed.
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