New Mexico surplus funds list
Unclaimed overages from tax deed and foreclosure sales.
Get new New Mexico surplus the day it's posted
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New Mexico surplus funds rules
- Sales that create surplus
- State tax sale by Taxation & Revenue Dept Property Tax Division (NMSA 7-38-65 to 7-38-71); Judicial mortgage foreclosure (NM is judicial-only for mortgages; HOA lien foreclosure (judicial)
- Who holds the money
- Property Tax Division (TRD) - proceeds into suspense fund; balance after costs, penalties/interest and delinquent taxes paid to former owner or court-designated person (7-38-71(A)).
- Unclaimed funds go to
- If no former owner claims within 2 years of sale and the department makes a reasonable search without finding one, balance becomes abandoned property under Uniform Unclaimed Property Act (NMSA 7-8A) (7-38-71(C)).
- How owners claim
- Claim to TRD Property Tax Division with proof of former ownership per department regulations; department may offset other property taxes owed; conflicting claims handled by regulation or court order. — deadline: 2 years from tax sale (then claim from TRD Unclaimed Property Office).
- Agent / finder fee cap
- No percentage cap; 'unconscionable' compensation unenforceable except by owner, court may reduce (7-8A-25). 7-38-71 itself has no finder rule.
- Waiting period
- Locator agreements void from date property presumed abandoned until 48 months after it is paid/delivered to the administrator (7-8A-25); attorney agreements to file a claim on identified property excepted. Before abandonment (first 2 years with PTD), no statutory finder rule found.
- Registration
- None found.
- Getting the list
- No confirmed online list; IPRA (Inspection of Public Records Act) request to TRD Property Tax Division for tax-sale excess balances; TRD publishes tax sale results by county. verify
Law: NMSA 1978 7-38-71; 7-8A-25 · confirm details with the county; rules change.
Questions
Is there a free New Mexico surplus funds list?
Counties publish or provide lists on request; Surplus Funds HQ links to the official sources and is adding New Mexico lists.
Who gets surplus funds in New Mexico?
The former owner first (and lienholders in order of priority). The money is held by: Property Tax Division (TRD).
What is the recovery agent fee cap in New Mexico?
No percentage cap; 'unconscionable' compensation unenforceable except by owner, court may reduce (7-8A-25). 7-38-71 itself has no finder rule.