Escrow & Title
In NH, a tax deed is issued when:
AA property is sold and transfer tax is paid
BA municipality takes ownership of property after the owner fails to pay property taxes for the statutory period✓ Correct
CA lender forecloses on a mortgage
DA deed is recorded and taxes are verified
Explanation
If NH property taxes go unpaid, the municipality may eventually take title through a tax lien foreclosure process and receive a tax deed — conveying ownership from the delinquent taxpayer to the municipality.
People Also Study
Related New Hampshire Questions
- A NH property under an IRS tax lien due to the seller's unpaid federal income taxes:Escrow & Title
- A NH real estate agent who gives a buyer client specific legal advice about how to take title to minimize estate taxes is likely:Agency
- NH's housing market features a large proportion of single-family homes. When a buyer purchases such a home, they typically receive a deed conveying:Property Ownership
- A NH property owner's lien for unpaid NH property taxes typically has what priority compared to a first mortgage?Escrow & Title
- In NH, when a purchaser at a tax sale (resulting from unpaid property taxes) takes title, the original owner typically has:Escrow & Title
- Title insurance in New Hampshire is issued to protect against:Escrow & Title
Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
Transfer TaxA tax imposed by state or local governments when real property ownership is transferred, typically based on the sale price.
Abstract of TitleA condensed history of a property's title, summarizing all recorded documents and encumbrances affecting it from the earliest record to the present.
State-Specific Concepts
Transfer Tax
Study This Topic
Practice More New Hampshire Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New Hampshire Quiz →