Escrow & Title
In New Mexico, when a property is sold at a tax sale for delinquent taxes, the original owner typically has a:
ANo right to reclaim the property
BStatutory redemption period during which they may pay all taxes, penalties, and costs to reclaim the property✓ Correct
CAutomatic right to remain as a tenant
DRight to purchase the property back at market value
Explanation
New Mexico provides a statutory redemption period after a tax sale during which the original owner (or their heirs or lienholders) may redeem the property by paying all delinquent taxes, penalties, interest, and costs. After the redemption period expires, the tax deed purchaser can obtain a deed.
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