New Mexico surplus funds recovery

N.M. Stat. Ann. § 7-38-71(A)–(B) requires the Taxation and Revenue Department to pay delinquent-property tax-sale balances to the former owner or another court-designated person after statutory taxes, penalties, interest and costs. Under § 7-38-71(C), a balance becomes abandoned property if no former owner claims within two years of sale and the department cannot find the owner after a reasonable search.

N.M. Stat. Ann. § 7-38-71(A)–(B) requires the Taxation and Revenue Department to pay delinquent-property tax-sale balances to the former owner or another court-designated person after statutory taxes, penalties, interest and costs. Under § 7-38-71(C), a balance becomes abandoned property if no former owner claims within two years of sale and the department cannot find the owner after a reasonable search. The abandoned balance follows the Uniform Unclaimed Property Act.

Under § 7-38-71(C), a balance becomes abandoned property if no former owner claims within two years of sale and the department cannot find the owner after a reasonable search. The abandoned balance follows the Uniform Unclaimed Property Act.

New Mexico mortgage foreclosure is judicial, with the judgment and court-supervised sale governing proceeds. N.M. Stat. Ann. §§ 39-5-17–19 concern timing and property redemption and set no general post-sale surplus filing period.

New Mexico mortgage foreclosure is judicial, with the judgment and court-supervised sale governing proceeds. N.M. Stat. Ann. §§ 39-5-17–19 concern timing and property redemption and set no general post-sale surplus filing period. Request payment through the foreclosure court under its judgment and order.

Request payment through the foreclosure court under its judgment and order. The usual nine-month § 39-5-18 period is for redeeming property, not claiming surplus cash.

N.M. Stat. Ann. §§ 7-8A-1–31 govern unclaimed property, with Taxation and Revenue Department claims under § 7-8A-15. Section 7-8A-15 sets no fixed general initial owner-claim cutoff.

N.M. Stat. Ann. §§ 7-8A-1–31 govern unclaimed property, with Taxation and Revenue Department claims under § 7-8A-15. Section 7-8A-15 sets no fixed general initial owner-claim cutoff. The department generally has 90 days to allow or deny a filed claim; this is its response deadline.

Section 7-8A-15 sets no fixed general initial owner-claim cutoff. The department generally has 90 days to allow or deny a filed claim; this is its response deadline.

The abandoned balance follows the Uniform Unclaimed Property Act. The usual nine-month § 39-5-18 period is for redeeming property, not claiming surplus cash. The department generally has 90 days to allow or deny a filed claim; this is its response deadline.