About NH Foreclosure Properties!

Foreclosure is the legal and professional proceeding in which a mortgagee, or other lienholder, usually a lender, obtains a court ordered termination of a mortgagor's equitable right of redemption. Usually a lender obtains a security interest from a borrower who mortgages or pledges an asset like a house to secure the loan. If the borrower defaults and the lender tries to repossess the property, courts of equity can grant the borrower the equitable right of redemption if the borrower repays the debt. While this equitable right exists, the lender cannot be sure that it can successfully repossess the property, thus the lender seeks to foreclose the equitable right of redemption. Other lienholders can also foreclose the owner's right of redemption for other debts, such as for overdue taxes, unpaid contractors' bills or overdue HOA dues or assessments.

The foreclosure process as applied to residential mortgage loans is a bank or other secured creditor selling or repossessing a parcel of real property (immovable property) after the owner has failed to comply with an agreement between the lender and borrower called a "mortgage" or "deed of trust". Commonly, the violation of the mortgage is a default in payment of a promissory note, secured by a lien on the property. When the process is complete, the lender can sell the property and keep the proceeds to pay off its mortgage and any legal costs, and it is typically said that "the lender has foreclosed its mortgage or lien". If the promissory note was made with a recourse clause then if the sale does not bring enough to pay the existing balance of principal and fees the mortgagee can file a claim for a deficiency judgement.

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MLS # 2782867 Bradford  NH          $499000.00 Commercial 1.45 Acres Sq Footage BANK OWNED PROPERTY, OFFERED WITHOUT REPRESENTATION OR WARRANTY WHATSOEVER.Excellent commercial retail location with visibility, parking and access from Rt. 103 or Rt. 114 to downt ... SEE / READ MORE!

MLS # 2782867 Bradford  NH          $499000.00 Commercial 1.45 Acres Sq Footage BANK OWNED PROPERTY, OFFERED WITHOUT REPRESENTATION OR WARRANTY WHATSOEVER.Excellent commercial retail location with visibility, parking and access from Rt. 103 or Rt. 114 to downt ... SEE / READ MORE!

MLS # 2800130 Lempster  NH          $129900.00 Multi-Family 1.1 Acres 2700 Sq Footage Bank owned property, offered as is whereis without guaranty or warranty whatsoever. Possible two family or large home with in-law apartment. Vinyl siding, nice lot with views of Le ... SEE / READ MORE!

MLS # 2817816 Springfield  NH          $129900.00 2 Bedrooms 3 Baths 1.5 Acres 1620 Sq Footage -Bank owned sold as is, current well is not deeded to the property. ... SEE / READ MORE!

MLS # 2800350 Newport  NH          $129000.00 5 Bedrooms 1 Baths 0.17 Acres 1932 Sq Footage Bank owned property, offered as-is, where-is without representation or warranty whatsoever. Large, family home with back yard for play area, town water and sewer, dead end street. ... SEE / READ MORE!

NH MLS # 2782867 - COM .. $499000 .. 101  Main St., Bradford NH  .. Updated: 10/5/2009 3:39:15 PM
NH MLS # 2782867 - COM .. $499000 .. 101  Main St., Bradford NH  .. Updated: 10/5/2009 3:39:15 PM
NH MLS # 2800130 - MULTI .. $129900 .. 20  South Hill Rd., Lempster NH  .. Updated: 2/9/2010 4:19:26 PM
NH MLS # 2817816 - HOME .. $129900 .. 94  Town Farm Exten, Springfield NH  .. Updated: 2/19/2010 10:57:09 AM
NH MLS # 2800350 - HOME .. $129000 .. 6  Cottage St., Newport NH  .. Updated: 10/5/2009 4:06:48 PM
NH MLS # 2774210 - HOME .. $114900 .. 1  Cove Drive, Eastman NH  .. Updated: 1/30/2010 11:22:26 AM
NH MLS # 2806688 - HOME .. $87500 .. 413  Lockehaven Road, Enfield NH  .. Updated: 2/15/2010 6:56:06 AM