New Mexico

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The Paleo-Indians of Clovis culture were the earliest known inhabitants of the area that developed to become the modern-day state of New Mexico. This group was succeeded by the Ancestral Pueblo and the Mogollon, who were distinguished by their excellent pottery skills and architectural designs. Over time other tribes came, went, and emerged, but when the earliest Europeans like Francisco Vasquez de Coronado arrived here in the 16th century, they recorded that they made contact primarily with the Ute, Apache, Navajo and the Pueblo Native American tribes. Even today, many of the tribes remain and the state has the largest percentage of Native Americans than any other US state causing a demonstrable influence on the state’s culture.

In 1563, Francisco de Ibarra moved northwards out of modern day Mexico with the intent of discovering the fabled golden city of Cibola. He never found any actual golden cities, but at least he did discover something more important, ‘Nuevo Mexico’ the name the Spaniards called New Mexico. The name would be officially adopted after the Province the same name was founded in 1598, and Juan de Onate appointed its first governor. He would later establish the colony of San Juan de los Caballeros, which served as the earliest permanent settlement of the Europeans in the area. The region came under the control of the country of Mexico after they gained independence in 1821 after a successful revolt from Spain. This rule was short-lived, however, because Mexico wound up ceding the territory to the USA after it lost the Mexican-American War in 1848. Shortly after that, the United States government founded a Territory, which included most of modern-day New Mexico and Arizona and even portions of Nevada and Colorado. The USA didn't annex the final remaining part until the completion of the Gadsden Purchase in 1854.

Even though it wasn’t yet a state during the Civil War, the Union’s control of the territory was challenged by the Confederacy. These territorial battles and incursions of the war that took place west of the Mississipi River were all considered part of the Trans-Mississippi Theater.

On January 6, 1912, and with an estimated population of about 330,000 people, New Mexico was finally admitted to the Union making it the 47th state of the United States. With an area of 121,590 square miles, this state is ranked 5th in the country in size. It is also the country’s 36th most populous with a current estimated population of more than 2 million people calling it home. The state has often been called the Land of Enchantment because of the rich amalgam of landscapes and cultures that are not witnessed in any other state in the U.S. NM is driven by the motto ’It grows as it goes’ and uses Yellow and Red as its official colors.

Located in the southwestern part of the United States, this state shares its borders with states of Texas, Oklahoma, Colorado and Arizona and the country of Mexico. It falls under a region known as the Mountain States which are known to have the highest mean elevations when compared to other states in the country.

Its landscape is incredibly diverse, from large rose-colored stretches of desert such as the Chihuahuan desert to the 11,561 feet high Jemez Mountains to the lush green forests of the 1.5 million acre Carson National Parks. Though most people think of region as being a dry place, forested mountains cover much of the northern part of the state, which includes the southernmost edge of the snow-capped Rocky Mountains called the Sangre de Cristo Mountain Range.

The overall climate of the state is semi-arid to arid with abundant sunshine and variable precipitation. It is typically warmest in the Southeast and the coolest in the mountains up North. Similarly, the precipitation also varies but stands at an average of about 30 inches annually statewide. In fact, starting around the 1940’s, people here started to call it the 'Land of Sunshine' and the 'Land Of Heart's Desires,' tag phrases used on automobile license plates throughout the years. This incredible medley of nature's abundance has made the state home to various indigenous plant and animal species such as the Grey Vireo and the Sandhill Crane.

Major attractions in the state include the White Sand Monument, which has dramatically beautiful dunes of white sand and the Indian Pueblo Cultural Centre which showcases the Native American artistry and culture like pottery. The state also has various preserves and parks which are ideal for both learning and recreation. The Chaco Culture National Historical Park displays ruins, collectibles, and tools used by some of the earliest inhabitants of this state; the Native American Pueblos. Other attractions in this park are its flora and fauna including cactus, juniper, pinon, cactus, elk, pronghorn, coyote, foxes and bobcats among many others. The Salinas Pueblo Missions National Monument preserves the ruins of some of the earliest churches founded by the Spanish missionaries during their contact with the natives. The Carlsbad Caverns National Park is quite famous with hiking fans for its gigantic preserved cave that reaches over 1000 feet deep into the earth. The cave is open 362 days a year for public tours, and tourists in the amphitheater are greeted with an amazing circular bat exodus from the cave’s giant hole most every summer evening. The Kasha-Katuwe Tent Rocks National Monument presents an attractive array of volcanic rocks believed to have been formed more than 7 million years ago. Other parks and areas of national interest include the Bandelier National Park, the Gila Wilderness, and Valles Caldera National Preserve.

The state's capital is the city of Santa Fe which was given by the Spanish missionaries and translates to ‘Holy Faith’. Nicknamed ‘The City Different’, it is the country’s oldest state capital and is known for its contributions to science and technology as it houses major corporations such as the Sandia National Laboratories, the educational center of Santa Fe Institute, and the nearby Los Alamos National Laboratory.

This state is served by many schools with the UNM being the largest public university. The other main public universities include NMSU in Las Cruces, WNMU in Silver City, NMHU in Las Vegas, the NMT in Socorro, and the ENMU in Las Cruces. The Santa Fe University of Art and Design, located in the city of Santa Fe, is the major private university in this state.

Several teams playing in minor leagues call the state home. Among them are the Albuquerque Isotopes who are affiliates of MLB Colorado Rockies baseball team and the CIF Duke City Gladiators indoor football team. The major college teams from this state are the NMSU Aggies and the UNM Lobos; both of which compete in the NCAA Division I. Every year during the post season, Albuquerque is home to the college football game called the New Mexico Bowl.

The history, heritage and culture of this state are preserved through various festivals and museums. The Deming Luna Mimbres Museum, which also known as Deming Armory, stores weapons, and machinery used by the armed forces of this state from as early as the World War II. The NM Museum of Art is the oldest of its kind in NM and stocks contemporary arts from many regions of the world. Other major museums include the Museum of International Folk Art As well as the Ancient Museum of Indian Arts and Culture. The Santa Fe Chamber Music Festival is an annual event that promotes talents in the state. The annual Santa Fe Indian Market is known for its wide collection of arts from the country’s best artists. The Festival Flamenco International de-Albuquerque attracts fans of both native New Mexican and Spanish dancers.

The state is abundant in resources such as petroleum and natural gas and is the largest producer of Uranium and Potassium salts. A big chunk of the state's income comes from agriculture, livestock, chemicals, tourism, energy, finance, mining, manufacturing, banking, and food processing among many more others. Some of the largest employers here are UNM, UNM Hospital, Albuquerque Journal Retail, the Albuquerque Health Partners LLC, Sandia National Laboratories, ABQ Health Partners, N.M. Department of Health, ESPN, Intel Corp, Honeywell Defense & Space Electronic Systems, the Navajo Agricultural Products, Lovelace Health System, Albuquerque International Sunport, the Presbyterian Healthcare Services, Pac Café, and the Albuquerque Police Department.

When buying or selling a house here, the real estate closing agent will typically use a Warranty Deed or New Mexico Real Estate Contract to convey the title of the property to the new owner. For the deed to be legally valid, the document must include the property’s exact legal description, which usually comes from language within the property’s original survey. This state primarily follows the Public Land Survey System (PLSS) methodology when surveying the properties. N.M. has two initial starting points for their PLSS which is the New Mexico Principal Meridian that extends along the Rio Grande del Norte into Colorado and the Navaho Meridian & Baseline that is used in the northwest portion of the state.

If you aren’t paying cash for the home and are instead getting a loan to buy the real estate, then understand that this state is primarily a lien theory state. This just means that the raw title of the property will remain as collateral until the lien is ultimately paid off. The most common document that is used here to secure the lender’s interest in the title is called a Mortgage.

If for some reason the borrower cannot repay the home loan, then the lender must go to court and start a judicial foreclosure which typically takes about 180 days to complete so long as it remains uncontested. During this process, the mortgage company’s attorney will also typically file a lis pendens against the property so that the public is made aware of the pending foreclosure. Once the judge rules in favor of the mortgage company, then the court will issue a final judgment of foreclosure and the property will either revert back to the bank or will be awarded to the highest bidder at the foreclosure auction. The laws that pertain to the foreclosure process here are mostly found in NM Statutes Annotated Chapter 48, Articles 48-7-1 to 48-7-24.

However, if you are a landlord that needs to evict a non-paying tenant, then you would need to reference the N.M. statutes of Chapter 47, Article 8 instead. Whereas if you are looking to become a real estate agent, then you would just deal directly with the N.M. Real Estate Commission, which oversees all the licensing of the agents and most of the implementation and enforcement of the New Mexico Real Estate Laws. Amongst other things, the main requirements to get a real estate license here would be to be at least 18 years old, complete at least 90 hours of approved NM real estate courses, successfully pass the written state exam, pass certain criminal background checks, be sponsored by a licensed N.M. real estate broker, and pay the various required licensing fees.

Renowned for its wide-open lands, picturesque mountain ranges, variety of climates, historical landmarks, easy traveling access, and abundance of sunshine, it’s no wonder why so many residents think the state is a fantastic place to call home. Speaking of homes, if you happen to have one that you would like to sell, then we would be honored with the opportunity to purchase it from you. If the speed of selling your home is your concern, have no fear because we can close escrow very quickly. In fact, if you had only contacted Finally Sold ten days ago, your home could have already been Finally SOLD by now.

 

Some of the counties where we purchase properties in the state are: Bernalillo | Catron | Chaves | Cibola | Colfax | Curry | De Baca | Dona Ana | Eddy | Grant | Guadalupe | Harding | Hidalgo | Lea | Lincoln | Los Alamos | Luna | McKinley | Mora | Otero | Quay | Rio Arriba | Roosevelt | Sandoval | San Juan | San Miguel | Santa Fe | Sierra | Socorro | Taos | Torrance | Union | Valencia.

At Finally Sold, we buy most all single family homes in their as is condition. If you happen to have a property that you would like to sell, make sure you call us or fill out our short online form so that you too can once and for all get your property Finally SOLD!

Finally Sold is a national real estate investment company that specializes in helping homeowners sell quick for cash. We are not Realtors® or a real estate agency. We instead purchase houses and real estate for our benefit. No 'Agency' is created when selling a property to us. We are an Equal Housing Opportunity Provider. We do business in accordance to the Federal Fair Housing Law. One or more franchisees of Right Now Capital, LLC and the Finally Sold Brand may be licensed real estate agents.