Are you interested in buying a tax sale property in New Hampshire? Before you do, you must consider all the potential risks of buying real estate without a clean title. Choose our comprehensive tax sale services in New Hampshire to mitigate these risks and protect your investment.
Tax sale properties auction at low prices for a reason. While the price tag may seem appealing, you could face issues like troublesome tenants, complicated liens, code violations, and more. To avoid enormous financial burdens following your purchase, you must conduct thorough due diligence before signing off on the final closing papers.
That’s where we come in. At PureTitle, we deliver New Hampshire tax sale assistance, covering a thorough title investigation with complete tax sale insurance. You can rely on our expert tax sale consultants in New Hampshire to dig up any issues with the property and review the commitment with you so you understand what you’re getting into before it’s too late. Call PureTitle today at (504) 300-0520 to speak with our NH tax sale experts about your needs.
Understanding How Tax Sales Work in New Hampshire
Tax sales are properties that go to auction because the owner could not pay off their owed property taxes within the required time frame. The original owner may have months or years to pay back the taxes to the collection agency before the tax sale gets triggered.
Once at auction, investors can purchase the property at a price lower than market value because they may need to pay off the property’s owed taxes upon acquiring it. In some cases, the proceeds from the auction may cover the owed taxes, but sometimes, the new owner will assume the lien. Tax sale properties come with many stipulations that can be challenging to understand without New Hampshire tax lien help.
Why Are New Hampshire Tax Sales Risky?
Tax sale properties typically sell for around 80% of their fair market value, minus any liens. At this price, tax sale properties can seem like lucrative investment opportunities with potentially high rewards, but you must also consider the high risks.
Owners of tax sale properties typically have unpaid or outstanding mortgages, claims, or liens that can survive your tax deed sale. Because you aren’t purchasing a clean title, understanding what you’re getting into in advance isn’t always clear. Here are some concerns that may pop up after the sale:
- Outstanding liens or mortgages
- Existing tenants
- Code violations
- Bankruptcy protection
With our tax sale services in New Hampshire, you can identify these concerns in advance while relying on comprehensive insurance for the financial burdens you face.
Difference Between Various Tax Sales in New Hampshire
New Hampshire has multiple types of tax sales that can result in varying degrees of risks and investment requirements. For example, tax adjunction sales auction the sale of the entire property, including its unpaid taxes. If you purchase an adjunction sale at auction, you would assume its debts and need to continue paying future claims on the property.
On the other hand, tax lien sales only auction the property’s lien rather than the entire property. If the original owner cannot pay off the property’s lien, you can do so to foreclose the property.
How You Can Use Our Tax Sale Services To Protect Your New Hampshire Investment
Tax sales in New Hampshire can be worthwhile investments when the risks are carefully mitigated. With our property tax sale services in NH, you can examine the title in advance while relying on robust insurance for full protection against current and future claims.
You can rely on our experts to deliver the knowledge and resources you need for:
- Complete title examinations
- Alerts of any title discrepancies
- Title commitment reviews
- Guaranteed title insurance
Don’t Go Into Your Purchase Blindly: Choose PureTitle for Thorough Title Examinations
If you’re interested in tax deed auction support in NH, check out our services. Call PureTitle today at (504) 300-0520 to learn more about our tax sale services in New Hampshire.
