All persons intending to bid upon property are required to register and obtain a bidder's number from the auctioneer and to provide the auctioneer with their full name, mailing address, telephone number and social security number. Deeds will be issued to registered names only. Conveyances to other parties will be the responsibility of the buyer at auction. Persons acting as 'agents' for other persons will register accordingly and must provide documented proof as being a bona fide agent at time of registration. A trustee of the board of a community land grant-merced governed pursuant to the provisions of Chapter 49, Article 1 NMSA 1978 or by statutes specific to the named land grant-merced, who wishes to register to bid pursuant to the provisions of Section 7-38-67(H) NMSA 1978, will register accordingly and must provide documented proof as being a bona fide Trustee of the board at time of registration.
A sale properly made under the provisions of Section 7-38-67 NMSA 1978 constitutes full payment of all delinquent taxes, penalties, and interest that are a lien against the property at the time of the sale, and the sale extinguishes this lien. The sale does not extinguish any other liens.
Successful bidders are required to make payment in full of the amount bid immediately preceding the conclusion of the sale. Payment is required to be by money order, certified check, cashiers check, a personal or business check which is accompanied by a bank letter of credit which guarantees payment in the amount of or in excess of the amount of the check drawn to the order of the Property Tax Division of the Taxation and Revenue Department. No bids will be accepted at future auctions from a bidder who
fails to make payment. The bidder shall be responsible for all costs, expenses, and attorney fees expended in the collection of accepted bids.
