Cob Off Topic: Cheap land---last chance

[Patmon, Steve]

Paul how large are these parcels and when is it required to be bid upon.
Do you know of an info-line or other means of acquiring information
onthe parcels.  Steve

> -----Original Message-----
> From:	Paul & Mary Salas [SMTP:chansey at earthlink.net]
> Sent:	Saturday, August 01, 1998 9:12 PM
> To:	strawbale at crest.org; essa at csf.colorado.edu; coblist at deatech.com
> Subject:	Cob Off Topic: Cheap land---last chance
> 
> To the Landless, E-Shippers in Taos and wanna-be-builders of SB & Cob,
> 
> The State of New Mexico is having a fire-sale on Tax Deliquent
> Properties--in Socorro County there are 240 parcels going up for bid
> on
> Sept 9 & 10 for $10.00 U.S. These are re-issues because there were not
> enough takers in June.
> 
> City of Taos & Taos County NM have properties that did not sell and
> must
> be re-issued.  There are 32 properties with an avg price of about
> $600.00.  There are a few in the $50 range as well.
> 
> For the doubters about this sort of land purchase, the terms and
> conditions state:
> 
> Sniped (full text @ http://www.state.nm.us/tax/)
> 
> 5. Successful bidders are required to make payment in full of the
> amount
> bid before leaving the premises on the day of the sale.
> Payment is required to be by money order, certified check, cashier's
> check, or a personal check which is accompanied by a bank
> letter of credit which guarantees payment in the amount of or in
> excess
> of the amount of the personal check drawn to the order of
> the Property Tax Division of the Taxation and Revenue Department. No
> bids will be accepted at future auctions from a bidder who
> fails to make payment on the day of the sale. The bidder shall be
> responsible for all costs, expenses, and attorney fees expended
> in the collection of accepted bids.
> 
> 6. Upon receiving payment for the real property sold for delinquent
> taxes, the Property Tax Division shall execute and deliver a deed
> to the purchaser. Until a deed, which consummates the sale is received
> from the Division, a successful bidder has no right of entry
> to property purchased. The deed conveys all the former property
> owner's
> interest in the real property as of the date the state's lien
> for real property taxes arose in accordance with the Property Tax
> Code,
> subject only to perfected interests in the real property
> existing before the date the property tax lien arose. The property tax
> lien against real property arises on January 1, of the tax year
> for which the taxes are imposed. 
> 
> 7. Property sold at public auction may be subject to a 120 day Federal
> (IRS) Redemption period.
> 
> Good luck and good fortune
> 
> Paul