Statutes > New Mexico Statutes > Chapter 4 - Counties. > Article 55A - County Improvement Districts, 4-55A-1 through 4-55A-43. > Section 4-55A-23 - Improvement district; acceptance of deed in lieu of foreclosure.

Section 4-55A-23 - Improvement district; acceptance of deed in lieu of foreclosure.

4-55A-23. 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 county may accept a deed to the property subject to the lien if the owner of the property tenders the deed to the county.