Secluded New Hampshire Estate

Surrounded by about 500 acres of woodland and valleys in Newport, N.H., the owner of this 19th century estate updated it with classic features like a great room with a gilded ceiling.

Property Values: Real Estate for $350,000

A contemporary in Charlotte, a ranch house in Phoenix and an 1890 house in New Hampshire.

Homes for $350,000

Properties in Charlotte, Phoenix and New Hampshire.

New Hampshire Court Rules for MERS

MERS, the Mortgage Electronic
Registration System, won another court battle last week.  On February 21 the New Hampshire Superior
affirmed, in the case of Dow v Bank
of New York Mellon Trust,
that MERS had the authority to both hold and
assign its interest in mortgages under New Hampshire law. 

Presiding Justice N. William Delker
wrote in his decision that the language of the plaintiff’s mortgage expressly
named MERS as the mortgagee and gave it the authority to act as nominee of the
lender.  This authority included the
right to assign its interest in the mortgage to the Mellon Trust.  “The plaintiff
expressly gave MERS and its assignees the authority to foreclose. 
Moreover, the mortgage instrument put the plaintiff on notice that both the
original lender and MERS could assign their interest without notice to the

Justice Delker further wrote, “There is a tremendous amount
of case law throughout the country on the issues surrounding foreclosure
actions when the promissory note is held by one entity and the mortgage is held
by another entity – typically MERS.  The
process of recording each new assignment of the mortgage in the registry of
deeds in order to perfect the security interest in the real estate would become
exceedingly expensive and cumbersome if each time the promissory note and the
mortgage changed hands a new mortgagee would have to be listed in the title

Since January 24
MERS has won in similar cases in the U.S. Court for the Western District of
and the U.S. Court of Appeals for the 11th Judicial
.    Other cases are pending
including several brought by state’s attorneys general.

…(read more)

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A Hunting Lodge in New Hampshire

A 3,704-square-foot New Hampshire hunting lodge, with five bedrooms and 5½ bathrooms on 10 acres, is asking $900,000.