New Hampshire Forclosure Auction - Deed

[Lou Veiga]

I was just curious if anyone had experience with buying forclosures at auction in New Hampshire. I have attended a few but have not seen any sold to a third party. Seems like most of them go back to the bank because there isn't enough equity in them to get the starting bid low enough for investors to buy them.

My question is, if one does sell, what type type of deed does the buyer get? I believe it is either a Quitclaim or Limited Warranty Deed but I just wanted to confirm.

Also is it possible to get title insurance on these before closing? In New Hampshire, we have 30 days after the auction to come up with the rest of the money.

If we do get a quitclaim deed, when it comes time to sell the property down the road, I'm assuming the buyers will get their own title insurance and end up with a warranty deed assuming the title was clear to begin with. Is that typically how it goes?