HUD Home — 1205 5th Street N.w., Rio Rancho, NM 87144

• •This is the asking price set from that appraisal, not a below-market auction bid - a fair price for the home, not a guaranteed bargain.
• •The real edge of a government REO is a clean sale: clear, insurable title with any past-due property taxes settled at closing.
• •Sold as-is with no seller repairs, so budget an inspection and repairs on top of the price.

The appraisal reflects the home's condition when it was inspected; values change over time. Not an independent valuation or investment advice - always inspect and confirm the numbers before you make an offer.

• •This listing: conveys with clear, insurable title. Past-due property taxes are settled at closing by the seller, there is no redemption period, and no former owner can reclaim it.
• •County tax sales in New Mexico: New Mexico is a tax deed state. The county sells the property itself. You take ownership at the sale, subject to whatever the sale did not wipe out. There is no statutory redemption period after the sale. Title here usually needs a quiet-title action before it is insurable or resellable. None of that applies to this listing.

We do not estimate what a specific property owes. Lien and back-tax amounts live in county records and only a title search returns the real number, so any figure produced without one is a guess you should not bid against. Compare all 51 state tax-sale regimes. State-level rules, not legal advice.