NO. D-202-CV-2016-06560

By on June 30, 2017

STATE OF NEW MEXICO
COUNTY OF BERNALILLO
SECOND JUDICIAL DISTRICT COURT
NO. D-202-CV-2016-06560
SANDIA LABORATORY FEDERAL CREDIT UNION,
Plaintiff,
v.
LORENZO V. SALGADO; MARIA O. SALGADO;
STATE OF NEW MEXICO TAXATION AND REVENUE DEPARTMENT; GABE SALGADO and JANE DOE,
Defendants.
NOTICE OF SALE ON FORECLOSURE
NOTICE IS HEREBY GIVEN that the above-entitled Court, having appointed the undersigned as Special Master in this matter with the power to sell, has ordered the Special Master to sell the below described real property, situated in the County of Bernalillo, State of New Mexico, more particularly described as:
Lot numbered Thirty-eight (38) in Block numbered Six (6) of Juan Tabo Hills Unit 2, within sections 27, 33 and 34, Township 10 North, Range 4 East, NMPM, City of Albuquerque, Bernalillo County, New Mexico, as the same are shown and designated on the plat thereof, filed in the office of the County Clerk of Bemalillo County, New Mexico on February 20, 2008, in Plat Book 2008C, page 30, and re-filed May 19, 2008, in Plat Book 2008C, page 106 as Document No. 2008056120.
The property may be located at 11609 Pocono Rd., SE, Albuquerque, NM 87123.
The sale shall commence at 11:30 AM on August 02, 2017, at the front entrance to the Second Judicial District Court House, at 400 Lomas NW, Albuquerque, NM 87102. The property will be sold “As Is” to the highest bidder for cash. The property will be sold subject to any and all unpaid taxes and to any liens and assessments not otherwise foreclosed upon herein. Interested bidders should undertake to make their own determination as to the status of title.
The sale may be postponed and rescheduled at the Special Master’s discretion. Prospective purchasers at the sale are advised to make their own examination of the title and the condition of the property and further to consult their own attorney before bidding.
For purposes of this sale, “cash” shall mean (1) cash on hand, (2) other immediately
available funds, including, but not limited to, bank cashiers checks, or (3) an irrevocable letter of credit payable at site issued by a financial institution acceptable to and in a form acceptable to the Special Master in an amount not less than the bid amount, delivered to and approved by the Special Master prior to sale.
For purposes of this Sale, the term “immediately available funds” shall refer to those funds
that can be delivered to the Special Master within TWENTY-FOUR (24) hours of the acceptance of the bid.
NOTICE IS FURTHER GIVEN that the proceeds of sale will be applied as follows: first, to all costs and expenses of sale, including the Special Master’s fee and costs; second, to the judgment awarded to Plaintiff in the amount of $478,497.99, plus interest from January 09, 2017, at the rate of 5.18% per annum; plus attorney fees and costs in the amount of $1,394.09 and additional attorney fees in the amount of $579.49, plus interest from June 13, 2017, at the rate of 8.75% per annum; third, in such manner as the Court may determine by order entered after the sale.
NOTICE IS FINALLY GIVEN that Plaintiff may bid and purchase the property at the foreclosure sale and may apply all or a portion of its judgment as cash toward the purchase price.
Respectfully submitted:
“Electronically filed”
By: s/Michael Kushner, attorney at law
MICHAEL KUSHNER
Special Master
PO BOX 35487
Albuquerque, NM 87176-5487
(505) 254-8332
HCS Pub. June 30, July 7, 14, 21, 2017

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