What happens after a foreclosure sale?

After a foreclosure sale in New Hampshire, the foreclosed property is sold to the highest bidder. The bidder must pay the full amount of the debt plus any back taxes that are owed to the state. Once the sale is completed, the lender will provide the new owner with the deed to the property. The deed will transfer all rights associated with the property from the lender to the new owner. The new owner will then take possession of the property and will need to comply with all local laws and regulations. The new owner is responsible for paying any and all taxes on the property, as well as any other costs associated with maintaining it. The lender is also entitled to any remaining funds from the foreclosure sale. These funds are typically used to pay off the remaining debt associated with the property. Once all of the debts are paid off, the foreclosure is considered to be complete.

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What happens after a foreclosure sale?

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