Concord

Non-Judicial

In a non-judicial foreclosure state, the lender does not need to go through the court system in order to foreclose on a property. This process can be quicker and less expensive for the lender compared to a judicial foreclosure.

Attorneys conduct real estate closings. Conveyance is by warranty or quitclaim deed. Mortgages are the customary security instruments. Lenders may foreclosure through judicial action or through whatever power of sale was written into the mortgage originally. Entry, either by legal action or by taking possession peaceably in the presence of two witnesses, is possible under certain legally stated conditions. There is a one-year right-of-redemption period. The people of New Hampshire use ALTA owner’s and lender’s policies. Buyers pay all closing costs and title fees except for the documentary tax; that’s shared with the sellers. Property tax payment dates vary across the state.

Varies across the state.

YES. Key components of property management (renting, leasing and collecting rents) are considered real estate activities under existing New Hampshire real estate licensing laws. If a property manager is going to lease, rent, list, collect rents, procure prospects or negotiate, assist, or offer to perform any of those acts, he or she will need a broker's license. A salesperson working under a broker may engage in such activities.

YES. For example, an owner, builder or tenant of real estate (and their employees with respect to the subject property) who do not hold themselves out as real estate brokers. For more information about these and other New Hampshire property management requirements and exceptions, please contact the New Hampshire Real Estate Commission. Before hiring a property manager to manage your New Hampshire rental property, you should always check that he or she is licensed appropriately. You can check the license status of New Hampshire property managers at the Commission's online license check webpage.

A broker's license is not required to manage community associations or condo associations in New Hampshire.

New Hampshire real estate broker licensing requirements include: - Age: must be at least 18 years of age - Exam: must pass the real estate broker examination; must apply for license within 6 months - Experience: must have worked the equivalent of either one year full-time or 2000 hours part-time as a salesperson, or prove equivalent experience - Trustworthiness: must provide evidence of trustworthiness - Education: show proof of 60 hours of Commission approved study - Insurance: All principal and manager broker applicants are required to submit a surety bond in a sum of not less than $25,000.

New Hampshire real estate salesperson licensing requirements include: - Age: must be at least 18 years of age - Exam: must pass the real estate salesperson examination; ; must apply for license within 6 months - Education: show proof of 40 hours of Commission approved study - Trustworthiness: must provide evidence of trustworthiness