New Mexico Statutes 59A-8-16. Valuation of purchase money mortgages
Current as of: 2024 | Check for updates
|
Other versions
Purchase money mortgages or deeds of trust on real property referred to in Subsection A of Section 132 [59A-8-15 N.M. Stat. Ann.] of this article shall be valued in an amount not exceeding acquisition cost of the real property covered thereby or ninety percent of the fair value of the real property, whichever is less.
Terms Used In New Mexico Statutes 59A-8-16
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.