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Ways to Stop Foreclosure in New Hampshire Declare Bankruptcy. Yes, bankruptcy is a way through which foreclosure can be stopped. ... Applying for Loan Modification. ... Reinstating Your Loan. ... Plan for Repayment. ... Refinancing. ... Sell Out Your Home. ... Short Sale. ... Deed In Lieu of Foreclosure.
Foreclosure in New Hampshire can happen very quickly. You can lose your home in less than 120 days if you do nothing. In New Hampshire, most home mortgages have a "power of sale" clause.
Follow these simple steps to foreclose your home loan Inform the lender. Lenders have hundreds of loans running simultaneously. ... Get all the paperwork in order. ... Assessment of payments. ... Get a NOC. ... Remove Lien on the property. ... Retrieve security cheques. ... Get a New Encumbrance Certificate (EC) ... Retrieve the documents.
41. New Hampshire. The Granite State, and the 41st most populous state in the U.S., also ranked 41st for highest foreclosure rate. New Hampshire saw 74 of its 636,480 homes go into foreclosure, making for a foreclosure rate of one in every 8,601 households.
New Hampshire is a power-of-sale foreclosure state. This means that your lender does not need to take you to court in order to foreclose. Instead, your lender will sell your home at a foreclosure sale, using the proceeds of the sale to pay off your loan.