New Mexico Statutes 7-1-50. Legal effect of deed to real property
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In the case of the sale of real property:
Terms Used In New Mexico Statutes 7-1-50
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
A. the deed of sale given pursuant to Section 7-1-48 N.M. Stat. Ann. shall be prima facie evidence of the facts therein stated;
B. if the proceedings have been substantially in accordance with the provisions of law, the deed shall be considered and operate as a conveyance of all the right, title and interest of the delinquent taxpayer in and to the real property thus sold at the time the notice of lien was filed as provided in Section 7-1-38 N.M. Stat. Ann. or immediately before the sale, whichever is earlier; and
C. neither the taxpayer nor anyone claiming through or under him shall bring an action after one year from the date of sale to challenge the conveyance.