If taxes remain unpaid two years after the execution of a tax lien, the Tax Collector shall deed the property to the Town of Goffstown. At least 30 days prior to the deeding, a title search is completed and a Notice of Impending Deed is sent to the current owner and all mortgagees recorded at the Hillsborough County Registry of Deeds.
Once a property is deeded, the property owner, as well as anyone holding a mortgage, lose all interest in the property. To reclaim that interest the property owner at time of deeding or any mortgagee must notify the Town of Goffstown within 3 years after the deeding. In addition, the property owner must pay all back taxes (including all those which would have accrued had the property owner continued to own the property), all costs assumed by the Town and a repurchase penalty of 15% of the equalized assessed value within 15 days of the notice of intent to repurchase. Should the Town decide to sell the property within 3 years after the deeding the Town must notify the last known owner via certified mail and allow 30 days for a decision to be made on whether or not to repurchase the property.