2015 New Mexico Statutes
Chapter 3 - Municipalities
Section 33 Improvement Districts
Section 3-33-27 Improvement district; acceptance of deed in lieu of foreclosure.
3-33-27. Improvement district; acceptance of deed in lieu of foreclosure.
In lieu of the foreclosure of a lien against any tract or parcel of land which is delinquent in the payment of an assessment or installment of an assessment for a period of more than one year, a municipality may accept a deed to the property subject to the lien if the owner of the property tenders the deed to the municipality.
History: 1953 Comp., 14-32-20, enacted by Laws 1965, ch. 300.
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