Mortgage Note Investing in New Hampshire

New Hampshire is one of the fastest foreclosure states in the country — a non-judicial power of sale that commonly completes in roughly two to three months (N.H. Rev. Stat. Ann. §479:25). There is no post-sale redemption, so once the sale closes, title is clean and final. For a buyer of distressed paper, that short, predictable timeline is the draw.

The caution is the condominium super-lien. Up to six months of unpaid condo assessments can take priority over a first mortgage (N.H. Rev. Stat. Ann. §356-B:46), but that priority is conditioned on the association completing specific statutory notice steps. On any condo collateral, check whether the association has dues outstanding and whether it followed those steps — a six-month slice ahead of your lien changes the math.

Deficiency judgments are available, so recourse isn't capped at the collateral. New Hampshire is a tax-deed state with no redemption on tax sales, so a delinquent property-tax foreclosure conveys clean — monitor tax status. No license is required to buy notes here. Outside the condo super-lien, this is a clean, speed-driven market.