Section 3-51-28 - Enforcement of lien. - New-mexico Statutes

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Statutes > New-mexico > Chapter-3 > Article-51 > Section-3-51-28

3-51-28. Enforcement of lien.

The lien of any assessments levied under the Greater Municipality Parking Law [3-51-1 to 3-51-45 NMSA 1978] shall be enforced, when delinquent, by the method now or hereafter provided by statute for the foreclosure of mortgages on real estate. In the event of a foreclosure sale, the municipality may buy in the property for the amount of the balance due on the assessment, including principal, interest, penalties and costs, unless there are higher bids.

State Codes and Statutes

Statutes > New-mexico > Chapter-3 > Article-51 > Section-3-51-28

3-51-28. Enforcement of lien.

The lien of any assessments levied under the Greater Municipality Parking Law [3-51-1 to 3-51-45 NMSA 1978] shall be enforced, when delinquent, by the method now or hereafter provided by statute for the foreclosure of mortgages on real estate. In the event of a foreclosure sale, the municipality may buy in the property for the amount of the balance due on the assessment, including principal, interest, penalties and costs, unless there are higher bids.

State Codes and Statutes

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State Codes and Statutes

Statutes > New-mexico > Chapter-3 > Article-51 > Section-3-51-28

3-51-28. Enforcement of lien.

The lien of any assessments levied under the Greater Municipality Parking Law [3-51-1 to 3-51-45 NMSA 1978] shall be enforced, when delinquent, by the method now or hereafter provided by statute for the foreclosure of mortgages on real estate. In the event of a foreclosure sale, the municipality may buy in the property for the amount of the balance due on the assessment, including principal, interest, penalties and costs, unless there are higher bids.