Escrow & Title
In NH, property taxes that are unpaid at closing are typically:
AForgiven by the municipality
BCredited to the buyer, who pays the taxes as a proration, or paid from sale proceeds✓ Correct
CAutomatically added to the buyer's mortgage balance
DThe buyer's responsibility without any credit
Explanation
Unpaid property taxes are prorated at closing: the seller is responsible for their share through the closing date, either as a credit to the buyer (who then pays the full bill) or paid directly from the seller's proceeds.
Related New Hampshire Escrow & Title Questions
- A NH property encumbered by a restrictive covenant limiting use to residential purposes can be freed from this restriction by:
- A NH buyer who receives title by adverse possession should:
- What happens to a buyer's title insurance policy when the property is sold to a new buyer?
- In New Hampshire, a warranty deed (general warranty deed) provides buyers with:
- A NH buyer's closing statement (HUD-1 or Closing Disclosure) will show which of the following as a credit to the buyer?
- In New Hampshire, a quitclaim deed:
- A NH buyer's lender requires title insurance. The lender's policy protects the lender but NOT the buyer. For the buyer to be protected they must:
- An 'abstract of title' in New Hampshire is:
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 →