§ 39-5-1 [Time and notice of judicial sales.]
§ 39-5-1.1 Judicial sales of perishable property; court order; petition;
§ 39-5-1.2 [“Real estate” and “real property” defined.]
§ 39-5-2 [Unlawful sales; liability of officer.]
§ 39-5-3 [Contents of sale notices.]
§ 39-5-4 [Notice of sale for personal property not exceeding three hundred dollars.]
§ 39-5-5 [Limit on sale price of real estate.]
§ 39-5-6 [Sheriff to ascertain value.]
§ 39-5-7 [Selection of appraisers; appraisal.]
§ 39-5-8 [Appraiser failing to act.]
§ 39-5-9 [Schedule of property.]
§ 39-5-10 [No duty to ascertain amount of liens.]
§ 39-5-11 [Oath of appraisers.]
§ 39-5-12 [Unsold property; return.]
§ 39-5-13 [Lien continues; alias writ.]
§ 39-5-14 [Reoffer of unsold property; costs; revaluation.]
§ 39-5-15 [Foreclosure; lien claimed by deceased; making unknown heirs and devisees parties defendant.]
§ 39-5-16 Foreclosure after March 15; growing crops
§ 39-5-17 Time for sale under judgment or decree of foreclosure;
§ 39-5-18 Redemption of real property sold under judgment or decree of foreclosure; notice and hearing; redemption amount; priority of redemption rights
§ 39-5-19 Application; shorter redemption period
§ 39-5-21 [Redemption of real property sold on execution.]
§ 39-5-22 [Rights of purchaser upon redemption; growing crops;
§ 39-5-23 Duty to record redemption
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Terms Used In New Mexico Statutes > Chapter 39 > Article 5 - Sales Under Execution and Foreclosure

  • Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Decedent: A deceased person.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
  • 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
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgagee: The person to whom property is mortgaged and who has loaned the money.
  • Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
  • Oath: A promise to tell the truth.
  • Personal property: All property that is not real property.
  • Plaintiff: The person who files the complaint in a civil lawsuit.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Service of process: The service of writs or summonses to the appropriate party.
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.
  • Trustee: A person or institution holding and administering property in trust.
  • Writ: A formal written command, issued from the court, requiring the performance of a specific act.