The sale of trust real estate by the trustee under a deed of trust shall be made or any action to foreclose a deed of trust as provided by law for the foreclosure of mortgages on real estate shall be commenced within the period prescribed by law for the commencement of an action on the contract secured by the deed of trust.
History: Laws 1987, ch. 61, ยง 19.
Structure New Mexico Statutes
Chapter 48 - Liens and Mortgages
Section 48-10-1 - Short title.
Section 48-10-3 - Definitions.
Section 48-10-6 - Trustee of deed of trust; qualification.
Section 48-10-7 - Appointment of successor trustee by beneficiary.
Section 48-10-8 - Deed of trust as security.
Section 48-10-9 - Grants in trust of real estate; uses.
Section 48-10-10 - Sale of trust real estate; power of trustee; foreclosure of deed of trust.
Section 48-10-11 - Notice of trustee's sale.
Section 48-10-12 - Request for copies of notice of sale; mailing by trustee or beneficiary.
Section 48-10-13 - Sale by public auction; postponement of sale.
Section 48-10-14 - Payment of bid; trustee's deed.
Section 48-10-15 - Disposition of proceeds of sale.
Section 48-10-16 - Redemption.
Section 48-10-18 - Method of indexing.
Section 48-10-19 - Limitation on action or sale of trust real estate.
Section 48-10-20 - Notice from instruments recorded; assignment of a beneficial interest.