What area of NH would you be looking in. There are several First Time Homebuyer programs available. The best one for you would depend on what city and county you're looking in, income, credit, ect. I have a NH Housing program that works great in most counties. It has a grant that we could qualify you for too. Rural Housing is another great program that offers 100% financing. FHA is another one.
It depends on the borrower which program may fit their needs best.
I hope this helps you. I can go over the options and get you a free pre-approval if you would like.... more
I can email you a couple names of lenders that can give you advice as to how to proceed. If you're interested email my assistant Allison at: email@example.com. Sincerely, Dan Bergeron... more
New Hampshire is a RECOURSE state, meaning that the Bank can come after the Homeowner for the difference between the outstanding loan balance and the amount of the sale.
It is called a Deficiency Judgement.
If there is a 2nd Lien, the problem gets even worse.
If the Bank is asking for a promissory note; it sounds like they are allowing the homeowner to pay the difference over time, instead of filing suit.
This is between the Bank and the Seller, and the Buyer should not be involved, unless they wanted to be, (to hold the deal together.)... more
You should be able to go to the nashua city hall and pull up the tax map. You can also search NHdeeds.com for a copy of the mortgage and addendum that lists the exact dimensions of the lot. I hope this helps.... more