New Mexico § 7-1-47 - Redemption before sale
Full text of New Mexico New Mexico Statutes Annotated § 7-1-47 — Redemption before sale, with citation guidance and answers to common questions.
§ 7-1-47. Redemption before sale
Any person whose property has been levied upon shall have the right to pay the amount
due, together with the expenses of the proceeding, or furnish acceptable security
for the payment thereof according to the provisions of Section 7-1-54 NMSA 1978 to the department at any time prior to the sale thereof, and upon payment or furnishing
of security, the secretary or the secretary's delegate shall restore the property
to that person, and all further proceedings in connection with the levy on the property
shall cease from the time of the payment. Any person who has a sufficient interest in property or rights to property levied
upon to entitle the person to redeem it from sale, according to the provisions of
this section, who does pay the amount due and accomplishes the redemption shall have
a lien against the property in the amount paid and may file a notice thereof in the
records of any county in the state in which the property is located and may foreclose
the lien as provided by law.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 7-1-47
What does New Mexico Statutes Annotated § 7-1-47 cover?
Section 7-1-47 ("Redemption before sale") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Mexico § 7-1-47?
A common citation format is "New Mexico Statutes Annotated § 7-1-47" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Mexico law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.
How does New Mexico § 7-1-47 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.