The Registry Review, April 1, 2019

Page 1

Vol.41, No.13

www.thewarrengroup.com

W E E K O F M O N D A Y, A P R I L 1 , 2 0 1 9

THE REGISTRY REVIEW NEW HAMPSHIRE’S STATEWIDE REAL ESTATE & FINANCIAL NEWSPAPER A Publication of The Warren Group

WEEKLY SALES OF NOTE

MORTGAGE LENDING

Milford 43 LEDGEWOOD DR................................................. �$12,370,000 B: Northbridge Ledgewood Bay II LLC S: Northbridge Milford Assisted Living LLC Use: Nursing Home, Lot: 272686sf

Pittsfield 7 CRESCENT ST �����������������������������������������������������������$3,200,000 B: Cutter Pittsfield LLC S: 812 Financial Svcs LLC Mtg: Enterprise Bk & Tr Co $2,567,180 Use: Apartment Building, Lot: 30056sf 8 GREEN ST �����������������������������������������������������������������$3,200,000 B: Cutter Pittsfield LLC S: 812 Financial Svcs LLC Mtg: Enterprise Bk & Tr Co $2,567,180 Use: Apartment Building, Lot: 16988sf 6 CRESCENT ST �����������������������������������������������������������$3,200,000 B: Cutter Pittsfield LLC S: 812 Financial Svcs LLC Mtg: Enterprise Bk & Tr Co $2,567,180 Use: 2fam-5fam Residence, Lot: 3920sf 14 JOY ST ��������������������������������������������������������������������$3,200,000 B: Cutter Pittsfield LLC S: 812 Financial Svcs LLC Mtg: Enterprise Bk & Tr Co $2,567,180 Use: 2fam-5fam Residence, Lot: 10019sf 8 MARSHALL CT ���������������������������������������������������������$3,200,000 B: Cutter Pittsfield LLC S: 812 Financial Svcs LLC Mtg: Enterprise Bk & Tr Co $2,567,180 Use: Apartment Building, Lot: 12197sf 22 SMITH ST ���������������������������������������������������������������$3,200,000 B: Cutter Pittsfield LLC S: 812 Financial Svcs LLC Mtg: Enterprise Bk & Tr Co $2,567,180 Use: Apartment Building, Lot: 16988sf 69 MAIN ST �����������������������������������������������������������������$3,200,000 B: Cutter Pittsfield LLC S: 812 Financial Svcs LLC Mtg: Enterprise Bk & Tr Co $2,567,180 Use: Apartment Building, Lot: 15246sf 222 CATAMOUNT RD ���������������������������������������������������$3,200,000 B: Cutter Pittsfield LLC S: 812 Financial Svcs LLC Mtg: Enterprise Bk & Tr Co $2,567,180 Use: Apartment Building, Lot: 108900sf 18 SMITH ST ���������������������������������������������������������������$3,200,000 B: Cutter Pittsfield LLC S: 812 Financial Svcs LLC Mtg: Enterprise Bk & Tr Co $2,567,180 Use: 2fam-5fam Residence, Lot: 23087sf 11 MAIN ST �����������������������������������������������������������������$3,200,000 B: Cutter Pittsfield LLC S: 812 Financial Svcs LLC Mtg: Enterprise Bk & Tr Co $2,567,180 Use: Apartment Building, Lot: 32234sf

New Hampshire Legislators Could Change the Foreclosure Process Legislature Weighing Judicial Foreclosure BY DIANE MCLAUGHLIN SPECIAL TO THE REGISTRY REVIEW

A

ttorney Terrie Harman saw a trend with several of her clients: They had lost their homes to foreclosure auctions without receiving notice from the lender. As their cases went through New Hampshire’s court system, she learned the state’s foreclosure law required lenders to send notification through certified mail. But the law said nothing about receiving the mail. “The law is defective in my opinion – not good for borrowers – because the law does not require the borrower to receive that certified mail,” Harman said. Harman turned to the New Hampshire legislature, and in February, the state House of Representatives passed a bill that would change the process for mortgage foreclosures. If approved by the New Hampshire Senate, the proposed legislation would require lenders to begin a foreclosure with a civil action in Superior Court, known as judicial foreclosure. Those opposing the bill include the New Hampshire Bankers Association. Mark Pitkin is chair of the NH Bankers board and

INDEX REAL ESTATE RECORDS PG COUNTY

TRANSACTIONS THRU

3 Belknap ���������������������������� 03/19/19 3 Carroll ���������������������������� 03/19/19 4 Cheshire ������������������������ 03/19/19 4 Coos �������������������������������� 03/19/19 5 Grafton ���������������������������� 03/19/19 6 Hillsborough ������������������ 03/19/19 8 Merrimack ���������������������� 03/19/19 9 Rockingham ������������������ 03/19/19 11 Strafford ������������������������ 03/19/19 12 Sullivan �������������������������� 03/19/19 10 Bankruptcies 13 Lien & Attachments 14 Foreclosure, Mortgagee & Other Lien Auctions 14 Requests for Bids & Proposals

all bank consumers. “We as a community bank – and from what I hear from many other community Continued on Page 16

New Hampshire Market Statistics

TO OUR READERS

Number of Mortgages for Single-Family Homes

Hanover 3 FOX FIELD LANE L:15 ����������������������������������������������$1,100,000 B: Jeffrey I Kauffman & Ursula B Geschke S: Brian C Drew & Karyl C Drew

president and CEO of Sugar River Bank in Newport. He sees judicial foreclosure as an unnecessary step that will increase costs for

4,000 4000 3,500 3500 3,000 3000 2,500 2500 2,000 2000 1,500 1500 1,000 1000 500 500 00

T

he Registry Review has for many years been a terrific source of real

estate data in New Hampshire, but it

8000

Both

Both

7000

has the potential to be much more.

Refinance

6000

Refinance The newspaper now features articles

Purchase

5000 4000

from the staff of The Warren Group,

Purchase

3000 2000 1000

publisher of The Registry Review;

Dec. Jan. Feb. MarchApril May June July Aug. Sept. Oct. Nov. Dec.

news briefs from real estate and financial institutions throughout the state; and analytics from The Warren Group’s proprietary data products. We

Feb. March Mar. April Apr. May May June Jun. July Jul. Aug. Aug. Sept. Sept. Oct. Oct. Nov. Nov. Dec. Dec. Jan. Jan. Feb. Feb. Feb. ’18

’19

invite readers to submit their news, feedback and story ideas to us at editorial@thewarrengroup.com.

2500 2,500

6000

Both

5000

Purchase

2000 2,000

3000 2000 1000

1500 1,500

0

Jan. 15

Jan. 16

Jan. 17

Jan. 18

Purchase

Refinance

Both

Feb. 2015

Refinance

352

1,709

2,061

Feb. 2016

586

1,679

2,265

Feb. 2017

592

1,581

2,173

Feb. 2018

573

1,360

1,933

Feb. 2019

635

1,237

1,872

Purchase

Jan. 19

1000 1,000 500 500

00

BothMonth

Refinance

4000

Feb. 15 Feb.

Feb. Feb.16

’15

’16

Feb. Feb.17

’17

Feb. Feb.18

Feb. Feb.19

’18

’19

❑ Statistics based on single-family home sales ❑ Source: The Warren Group

©2019 The Warren Group Inc. All rights reserved. No part of this publication may be reproduced without the written consent of the publisher.

Sincerely, Cassidy Murphy Associate Publisher The Warren Group


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