New Mexico Statutes 39-5-5. [Limit on sale price of real estate.]
Current as of: 2023 | Check for updates
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No real property shall be sold on any execution issued out of any court in any case at law for less than two-thirds of the appraised cash value thereof, exclusive of liens and encumbrances.
Terms Used In New Mexico Statutes 39-5-5
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.