2011 New Mexico Statutes
Chapter 3: Municipalities
Article 51: Greater Municipality Parking, 3-51-1 through 3-51-46
Section 3-51-28: Enforcement of lien.
3-51-28. Enforcement of lien.
The lien of any assessments levied under the Greater Municipality Parking Law [3-51-1 to 3-51-45 NMSA 1978] shall be enforced, when delinquent, by the method now or hereafter provided by statute for the foreclosure of mortgages on real estate. In the event of a foreclosure sale, the municipality may buy in the property for the amount of the balance due on the assessment, including principal, interest, penalties and costs, unless there are higher bids.
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