Q: 529:26 Redemption. – Does the one year start on the day of the sheriff sale or when new deed is made?
This is a lot of land and What if money wasn’t transferred day of sale/auction and was paid for within 30 days of auction
Also where can I find other cases that have been through this
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A:
According to New Hampshire law RSA 529:26, the one-year redemption period for a foreclosed property starts on the day of the foreclosure auction sale, not when the new deed is made.
Specifically, RSA 529:26 states:
"The mortgagor or record owner may redeem the real estate by paying or tendering to the purchaser or the purchaser's heirs, successors or assigns, at any time within one year from the date of the foreclosure sale, the amount of the purchaser's expenditures plus interest at the rate of 12 percent per year from the date of sale, together with any statutory or common law costs incurred by the purchaser after the foreclosure sale."
So the key date is the "date of the foreclosure sale", commonly known as the auction or sheriff's sale date. That is when the one-year clock starts ticking, regardless of when the foreclosure deed is actually recorded.
It's important for homeowners facing foreclosure in New Hampshire to be aware of this timeline if they wish to pursue their redemption rights. They have up to one year from the auction date to redeem the property by paying the required amounts to the foreclosure sale purchaser. The recording of the deed does not impact this redemption period timeline.
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