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 # 4000647 Lincoln  NH          $349900.00 4 Bedrooms 4 Baths 0 Acres 2740 Sq Footage Bank Owned unit (FNMA), townhome style with garage and full finished basement, over 2700 Sq. ft..Four bedrooms, family room, great view of the slopes. Great health club, indoor/out ... SEE / READ MORE!

MLS # 4000749 Sugar Hill  NH          $194900.00 3 Bedrooms 2 Baths 12.64 Acres 2000 Sq Footage Bank Owned Contemporary home! Tucked away on 12.63+/- acres on a quiet town road close to the town's center yet still has pleasant views. Sunny, southern exposure assures bright ch ... SEE / READ MORE!

MLS # 4012013 North Conway  NH          $138600.00 3 Bedrooms 3 Baths 0.7 Acres 1826 Sq Footage This bank owned 3 bedroom, 2.5 Bath ranch is located just a few miles from Cranmore Mountain, The White Mountain National Forest and all North Conway NH resort amenities. Beautiful ... SEE / READ MORE!

MLS # 2832959 Bartlett  NH          $135900.00 4 Bedrooms 2 Baths 0.5 Acres 2118 Sq Footage Bank Owned Property. Great commercial location on busy state highway US RTE 302, or use it as a charming residence, also great for home business. Near all the amenities offered by ... SEE / READ MORE!

MLS # 4000357 Conway  NH          $134900.00 4 Bedrooms 1 Baths 1.2 Acres 1610 Sq Footage NEW PRICE! Great Value in a great Conway NH location. Private 4 Bedroom bank owned home. Energy conscious design. Spacious home with 2 car garage. Sidewalks all the way to the vill ... SEE / READ MORE!

MLS # 4000630 Lincoln  NH          $119900.00 2 Bedrooms 2 Baths 3 Acres 1170 Sq Footage Bank Owned (FNMA) townhome at the bridge to South Mountain at Loon. This two bedroom unit sleeps 8, lock-off private suite for rental potential. Large private master suite with a t ... SEE / READ MORE!

MLS # 2791213 Gorham  NH          $100000.00 4 Bedrooms 2 Baths 0.51 Acres 2240 Sq Footage Large New England home on a street that dead-ends at the Androscoggin River. Near high school, library, restaurants, park & stores. Features replacement windows, newer boiler, lar ... SEE / READ MORE!

MLS # 2793980 Campton  NH          $84900.00 1 Bedrooms 1 Baths 0.12 Acres 1194 Sq Footage Bank Owned! Investor! Downsizing! Unbelievable brand new hot and cold water Plumbing, new water meter and shut off valves, furnace and hot water heater have been serviced, septic w ... SEE / READ MORE!

MLS # 4013960 Warren  NH          $74900.00 4 Bedrooms 2 Baths 0.69 Acres 2704 Sq Footage Price Reduction! Very large Bank Owned house for short money! Baker River frontage! You'll be sorry if you don't lock this one up now!! Great in-town location. Needs some work and ... SEE / READ MORE!

NH MLS # 4000647 - HOME .. $349900 .. 138-B  Woodland Loop, Lincoln NH  .. Updated: 6/29/2010 5:51:44 PM
NH MLS # 4000749 - HOME .. $194900 .. 131  Hadley Road, Sugar Hill NH  .. Updated: 7/28/2010 3:59:02 PM
NH MLS # 4012013 - HOME .. $138600 .. 76  Crestwood Drive, North Conway NH  .. Updated: 7/16/2010 8:34:01 PM
NH MLS # 2832959 - HOME .. $135900 .. 26  US Rte 302, Bartlett NH  .. Updated: 7/23/2010 5:07:49 PM
NH MLS # 4000357 - HOME .. $134900 .. 27  Thorne Hill Road, Conway NH  .. Updated: 6/21/2010 8:36:41 AM
NH MLS # 4000630 - HOME .. $119900 .. 414  Cooper Memorial Drive, Lincoln NH  .. Updated: 6/25/2010 2:46:01 PM
NH MLS # 2791213 - HOME .. $100000 .. 19  Mechanic, Gorham NH  .. Updated: 6/30/2010 1:56:19 PM
NH MLS # 2793980 - HOME .. $84900 .. 11  Fifield Road, Campton NH  .. Updated: 6/24/2010 11:13:26 AM
NH MLS # 4013960 - HOME .. $74900 .. 300  Route 25, Warren NH  .. Updated: 7/23/2010 4:46:27 PM