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 IMPORTANT  Real File  State of New Mexico 2019

New Mexico Todd N 2019-2025 Form

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Instructions and help about new mexico2019 pit x

hey everyone case adem in here we're talking about taxes today in the state of New Mexico now New Mexico is a tax deed state in a tax d state the actual property is sold for failure to pay the property taxes this is different than a tax lien state we're just a lien against the property is sold in New Mexico they actually sell the property now it's a traditional auction where the highest bidder will become the winner at the auction pretty simple right it's extremely important however to understand the primary difference that separates New Mexico and nearly every other state that is out there this sell of a piece of property due to failure to pay property taxes does not extinguish any other liens if a mortgage existed before the sale guess what it will exist after the sell as well same goes for any other sort of lien this will require a substantial amount of research and understanding of their state tax l loss prior to investing and you'd obviously

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