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Updated over 10 years ago,

User Stats

151
Posts
52
Votes
Katharine Chartrand
  • Real Estate Investor
  • Los Alamos, NM
52
Votes |
151
Posts

when does the clock start on the right of redemption

Katharine Chartrand
  • Real Estate Investor
  • Los Alamos, NM
Posted

I bought a house in a foreclosure auction in New Mexico on May 27th.  This is my first auction purchase.  I was pretty surprised to find that I don't own the house until a judge gets around to issuing the warrantee deed. The auction was 23 days ago.  I still don't have the deed. 

In NM, there is a 30 day right of redemption.  Now I am wondering when the owner's right of redemption begins.   Did the clock start ticking the day of the auction?  Or does it start only after the judge issues the warrantee deed?

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