Escrow & Title
A NH property that is being sold at foreclosure auction is sold:
AWith full warranties of title from the lender
BWithout warranty — the buyer takes the property subject to any defects in title✓ Correct
CWith a general warranty deed from the bank
DSubject to the original borrower's right to redeem for 2 years
Explanation
Foreclosure sale buyers receive a foreclosure deed (or referee's deed) with limited or no warranty. Buyers should conduct a title search and obtain title insurance, as the property may have unresolved liens or title issues.
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