Vol.45, No.31
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W E E K O F M O N D A Y, J U LY 3 1 , 2 0 2 3
THE REGISTRY REVIEW NEW HAMPSHIRE’S STATEWIDE REAL ESTATE & FINANCIAL NEWSPAPER A Publication of The Warren Group
WEEKLY SALES OF NOTE
M O R T G A G E PA I N
As Foreclosures Inch Back Up, Advocates Tout Assistance Fund
Bridgewater 246 WHITTEMORE POINT RD L:1&2. . . . . . . . . . . . . . $8,820,000 B: Gail A Arcieri Tr, Tr for Gail A Arcieri T S: Dorothea L Denton LLC
Conway 3351 WHITE MOUNTAIN HWY. . . . . . . . . . . . . . . . . . . $4,475,000 B: 3351 White Mountain LLC S: Peter Rattay Tr, Tr for Peter Rattay RET Mtg: Union Bank $2,500,000 Use: Mixed Use-prim Comm & Other, Lot: 276606sf
Hope Seen to Avoid ‘Traumatic Process’ for Homeowners BY ETHAN DEWITT
Bedford
NEW HAMPSHIRE BULLETIN
n the years after COVID-19 arrived, foreclosures in New Hampshire dropped. That was intentional: The federal government imposed a moratorium preventing lenders from carrying out foreclosures on federally backed mortgages, and offered forbearances to allow homeowners to pause their existing payments. Those programs ended last year. And now, the rate of foreclosures across the country is ticking up. In New Hampshire, the rate of foreclosure filings on properties has risen 149.72 percent from mid-year 2021 to mid-year 2023, according to a July 13 report from ATTOM, a property data firm that analyzes filings across the country. Most of that increase has happened in the last year. Housing experts say the uptick is not surprising. Because many home loans in the United States are connected to a government program, whether through Fannie Mae, Freddie Mac, the U.S. Department of Agriculture, the Federal Housing Administration, or the U.S. Department of Veterans Affairs, the lifting of the moratorium last year affected many borrowers, said Stephanie Bray, an attorney for New Hampshire Legal Assistance and the director of the organization’s Foreclosure Relief Project. “The knowledge was always there that the
Concord 10 GARVINS FALLS RD. . . . . . . . . . . . . . . . . . . . . . . . $4,250,000 B: Capital City Re Hldg LLC S: 10 Garvins Falls Road LLC Mtg: BankProv $3,333,000 Use: Health Spa, Lot: 214751sf
New London 1485 LITTLE SUNAPEE RD. . . . . . . . . . . . . . . . . . . . . $3,995,000 B: Peter Centenari S: Stanley I Cundey Jr Tr, Tr for Stanley J Cundey Jr T Mtg: Bar Harbor Bk & Tr $2,996,250 Use: 4 Bdrm Contemporary, Lot: 44431sf
New Castle 39 WENTWORTH RD. . . . . . . . . . . . . . . . . . . . . . . . . . $3,900,000 B: James P Rosenfield Tr, Tr for James P Rosenfield 1995 T S: Mark E Lacasse Tr, Tr for Mark Edward Lacasse RET Use: 3 Bdrm Victorian, Lot: 12197sf
Lebanon 369 MIRACLE MILE. . . . . . . . . . . . . . . . . . . . . . . . . . . $3,500,000 B: Lebanon Poker Room & Casino LLC S: 369 Miracle Mile LLC Use: Auto Sales, Lot: 147233sf
Swanzey 439 W SWANZEY RD. . . . . . . . . . . . . . . . . . . . . . . . . . $3,236,133 B: MHC 247 (VT & NH Portfolio)LLC S: Frank N Myers LLC Use: Mixed Use-prim Comm & Other, Lot: 291852sf
Marlboro 736 MONADNOCK HWY. . . . . . . . . . . . . . . . . . . . . . . . $3,073,733 B: MHC 247 (VT & NH Portfolio)LLC S: Frank N Myers LLC
Meredith
60 GOODWIN RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,000,000 B: Annette C Kaplan S: Gregg S Hartman Tr, Tr for Gregg S Hartman RET
$1,500 1500
800
$1,250 1250
INDEX
Even with that aid, experts say an increase in foreclosures is likely in the coming years.
Refinance Purchase
200
$750 750
Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec. Jan Feb
$500 500
Continued on Page 12
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$250 250 $0 0
May June June July July Aug Aug. Sept. Sept. Oct. Oct. Nov. Nov. Dec. Dec. Jan. Jan. Feb. Feb. Mar. Mar. April Apr. May May May ’22
’23
1500 $1,500
1500
Both
1200
Refinance
1200 $1,200
900
900 $900
300
Sept. 18
Sept. 19
Sept. 20
Sept. 21
600 $600 300 $300
$00 Jan. 19 May ’19
Month
Purchase
Refinance
Both
Both
May 2019
$373
$350
$723
May 2020 Purchase
$275
$991
$1,266
May 2021
$326
$885
$1,211
May 2022
$360
$516
$876
May 2023
$243
$289
$532
Refinance
Purchase
600
Sept. 17
Increase Seems Unavoidable
400
0
TRANSACTIONS THRU
0
for up to thousands of dollars in assistance to help with mortgage payments, property taxes, utilities, and other expenses. Aid workers are hoping more families will apply. “We help people apply,” Bray said. “We kind of keep the wolf from the door long enough for the application process to do its thing.”
Both
600
$1,000 1000
REAL ESTATE RECORDS
3 Belknap �������������������������� 07/14/23 4 Carroll ���������������������������� 07/14/23 4 Cheshire ������������������������ 07/14/23 4 Coos �������������������������������� 07/14/23 5 Grafton ���������������������������� 07/14/23 5 Hillsborough ������������������ 07/14/23 6 Merrimack ���������������������� 07/14/23 8 Rockingham ������������������ 07/14/23 9 Strafford ������������������������ 07/14/23 10 Sullivan �������������������������� 07/14/23 10 Bankruptcies 10 Lien & Attachments — Foreclosure, Mortgagee & Other Lien Auctions — Requests for Bids & Proposals
piper would have to be paid eventually,” Bray said, speaking on the end of the governmentled freeze. And while evictions increased more quickly after rental assistance aid ran out in 2022, foreclosures tend to have slower processing times, meaning the effects of the end of the aid are continuing to emerge. But the foreclosures are not inevitable, advocates have stressed. New Hampshire is continuing to accept applications to its New Hampshire Homeowners Assistance Fund, which allows qualifying homeowners to apply
Volume of Mortgages for Single-Family Homes
Enfield
COUNTY
In New Hampshire, the rate of foreclosure filings on properties has risen 149.72 percent from mid-year 2021 to mid-year 2023.
New Hampshire Market Statistics
290 MEREDITH NECK RD . . . . . . . . . . . . . . . . . . . . . . $3,010,000 B: Daniel Kramer & Amy B Kramer S: Rohrer Vineyard T & Robert L Rohrer Jr Tr Use: 5 Bdrm Salt Box, Lot: 568022sf
PG
iStock photo
I
2 UPJOHN ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $4,250,000 B: Trader Joes East Inc S: Er Bedford LLC Use: Restaurant/bar, Lot: 13939sf
Jan. 20 May
Jan. 21 May
Jan. 22 May
Jan. 23 May
’20
’21
’22
’23
❑ Dollar amounts in millions ❑ Source: The Warren Group ❑ Statistics based on single-family home sales
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