New Mexico Statutes 48-10-11. Notice of trustee’s sale
A. The trustee shall give written notice of the time and place of sale, legally describing the trust real estate to be sold, by each of the following methods:
Terms Used In New Mexico Statutes 48-10-11
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Trustee: A person or institution holding and administering property in trust.
(1) publication of the notice as provided by law for foreclosure of mortgages on real estate;
(2) recording of the notice in the office of the clerk of each county in which the trust real estate is situated; and
(3) giving notice as provided in Section 48-10-12 N.M. Stat. Ann. to the extent applicable.
B. The sale shall be held at the time and place designated in the notice of sale on a day other than a Saturday, Sunday or legal holiday and at the time provided by law for the foreclosure sale of real estate under real estate mortgages on the front steps of the courthouse of the county in which the trust real estate is located. If the trust real estate is located in more than one county, the sale may be held in any county in which part of the trust real estate is located.
C. The notice of sale shall contain the street address, if any, or identifiable location as well as the legal description of the trust real estate. Failure to accurately describe within the notice either the street address or the identifiable location of the trust real estate to be sold shall not be grounds for invalidating the sale if the correct legal description of the trust real estate to be sold was contained in the notice of sale. The notice of sale shall be sufficient if made in substantially the following form:
“NOTICE OF TRUSTEE’S SALE The following legally described trust real estate will be sold, pursuant to the power of sale as provided in the deed of trust recorded in book at page , County, New Mexico, records, at public auction to the highest bidder on the front steps of the county courthouse in County, New Mexico, in or near , New Mexico, on , 20 , at o’clock m. of that day:
(street address, if any, or identifiable location of trust real estate and legal description of trust real estate) Dated this day of , 20 .
(Name of Trustor) (Name of Trustee) Signature (Here add Acknowledgment).”.