Legal Solutions for You,
Your Family & Your Business
Find a bankruptcy attorney in Nolo's Lawyer Directory!
Resources on Foreclosure, Credit & Debt, and Bankruptcy
Foreclosure Survival Guide
Own a copy of this helpful reference from Nolo, the #1 consumer legal publisher. Available in paperback and eBook formats.
Foreclosure Survival Guide (1st Edition)
| Topic | State Rule |
|---|---|
| Common type of foreclosure process | Nonjudicial: under power of sale in deed of trust |
| Time to respond | Foreclosing party must either personally serve homeowner with notice 25 days before the sale or publish the notice once a week for three consecutive weeks, with the first publication at least 20 days before the sale. |
| Reinstatement of loan before sale | No |
| Redemption after sale | No |
| Special protections for foreclosures involving high-cost mortgages | None |
| Special state protections for service members | N.H. Rev. Stat. Ann. § 540-11-a |
| Deficiency judgments | May be obtained by filing separate lawsuit after the foreclosure sale, provided lender acts in good faith regarding the sale price. |
| Cash exempted in bankruptcy | About $11,000 for one person, $22,000 for a married couple under federal bankruptcy exemptions |
| Notice to leave after house is sold | New owner must give former owner a 30-day notice to quit (leave) before bringing an eviction lawsuit. Former owner has seven days to respond after being served by sheriff. |
| Foreclosure statute | N.H. Rev. Stat. Ann. § 479.25 |