Foreclosures
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 10 years ago,
when does the clock start on the right of redemption
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?