Vol.41, No.13
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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
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T
he Registry Review has for many years been a terrific source of real
estate data in New Hampshire, but it
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7000
has the potential to be much more.
Refinance
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Refinance The newspaper now features articles
Purchase
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from the staff of The Warren Group,
Purchase
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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
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invite readers to submit their news, feedback and story ideas to us at editorial@thewarrengroup.com.
2500 2,500
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Both
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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
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Feb. Feb.17
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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