Escrow & Title
After a NH non-judicial foreclosure sale, the original borrower has:
AA 2-year right of redemption to buy back the property
BNo statutory right of redemption after a completed power-of-sale foreclosure in NH✓ Correct
CA 6-month right to remain in the property
DAn automatic right to appeal the sale in court
Explanation
New Hampshire does not provide a statutory right of redemption after a completed non-judicial (power of sale) foreclosure. Once the foreclosure sale is completed, the borrower generally loses the right to redeem.
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Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
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