There is a newer version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 39: Judgments, Costs, Appeals
Article 5: Sales Under Execution and Foreclosure, 39-5-1 through 39-5-23
Section 39-5-5: Limit on sale price of real estate.
NM Stat § 39-5-5 (1996 through 1st Sess 50th Legis) What's This?
39-5-5. [Limit on sale price of real estate.]
No real property shall be sold on any execution issued out of any court in any case at law for less than two-thirds of the appraised cash value thereof, exclusive of liens and encumbrances.
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