New Mexico § 76-3-5 - Foreclosure; deficiency judgment
Full text of New Mexico New Mexico Statutes Annotated § 76-3-5 — Foreclosure; deficiency judgment, with citation guidance and answers to common questions.
§ 76-3-5. Foreclosure; deficiency judgment
If said lien is not discharged and paid within sixty days from the date of its filing
with the county clerk, the county board of horticultural commissioners shall in its
official capacity and name institute suit in the district court for the foreclosure
of said lien, and the procedure therefor shall be the same as is provided by law for
the foreclosure of a materialman's or mechanic's lien on real estate, and if said
property does not bring enough to satisfy said lien claim, a deficiency judgment shall
be had against the defendant, upon which execution shall issue. The lien claim herein provided for shall take priority over any mortgage, attachment,
other lien or other claim against the premises against which such lien is filed.
Frequently Asked Questions About New Mexico § 76-3-5
What does New Mexico Statutes Annotated § 76-3-5 cover?
Section 76-3-5 ("Foreclosure; deficiency judgment") 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 § 76-3-5?
A common citation format is "New Mexico Statutes Annotated § 76-3-5" (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 § 76-3-5 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.