New Hampshire Foreclosure is Non-Judicial.
New Hampshire is a power of sale state. A “power of sale” is the clause in a deed of trust or mortgage, in which the borrower pre-authorizes the sale of property to pay off the balance on a loan in the event of their default. In deeds of trust or mortgages where a power of sale exists, the power to sell the property is given to the lender or their representative, typically referred to as the trustee. It requires that the debtor receive a notice of foreclosure only 25 days prior to the auction date.
New Hampshire Notice of Sale
New Hampshire foreclosure law states that a notice of sale must be recorded in the county where the property is located and then:
(1) mailed to the borrower at least twenty-five (25) days before the sale
(2) published once a week for three (3) weeks, with the first publication appearing not less than twenty (20) days before the sale, in a newspaper of general circulation in the county where the property is located.
The notice shall contain the time, date and place of sale, a description of the property and the default, as well as a “warning” to the borrower, informing him the property is going to be sold and what rights he has to stop the procedure. The trustee must also post similar notices in three public places.
New Hampshire Foreclosure Rights of Redemption
According to New Hampshire foreclosure laws, borrowers have no rights of redemption.
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