NH Foreclosure Process
New Hampshire Foreclosure Process
Because New Hampshire is a `power of sale` state, foreclosures in New Hampshire can happen very quickly. Unlike other states, the courts are usually not involved. Your lender can sell the property you have mortgaged at auction, and the 
proceeds of the auction pay off your mortgage debt. The bank may purchase the property themselves at the auction if there are no other bidders, or if it does not meet their minimum reserve. A property can go up for auction as soon as 120 days (about 4 months) after the first missed mortgage payment. If you are 30 days late on your mortgage payment, the mortgage lender will send you notice to cure, or to get your payments up do date. Usually they will give 30 days. If you are not able to bring the payments fully up to date, the lender may accelerate the mortgage, meaning the entire principle balance becomes due.
Before the property can go to foreclosure auction in New Hampshire, there are a few steps the lender must make. The current owner of the property must receive notice of the foreclosure sale at least 25 days before the scheduled date. The lender must also publish public notices in the local paper three times. If you are looking for foreclosure auctions, www.MyPublicNotices.com is a great tool. You can search for foreclosure sale notices by state or by keyword. Do keep in mind that auctions are oftentimes postponed or cancelled. The auction company who is handling the auction is listed in the public notice, so if you plan to show up at an auction, be sure to contact them to verify that the auction is still moving forward.
Search for New Hampshire Foreclosure Listings
All information contained herein curtesy of www.dontborrowtroublenh.org, www.homehelpnh.com, www.foreclosurelaw.org, and NH Statute RSA 479-B. Information deemed reliable but not guaranteed. If you are facing foreclosure, please contact an attorney.
