Vol.42, No.33
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W E E K O F M O N D A Y, A U G U S T 1 7 , 2 0 2 0
THE REGISTRY REVIEW NEW HAMPSHIRE’S STATEWIDE REAL ESTATE & FINANCIAL NEWSPAPER A Publication of The Warren Group
WEEKLY SALES OF NOTE
REAL-TIME REALITY
Merrimack
1 DANIEL WEBSTER HWY. . . . . . . . . . . . . . . . . . . . . . $2,850,533 B: SMC Res At Edgebrook S: Edgebrook Heights LLC
Rye
New Details Released for Planned FedNow Real-Time Payments Network
23 F ST . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,400,000 B: Christos E Chrisafides Tr, Tr for Chritos E Chrisafides RET S: Mary J Divino Tr, Tr for M J Divino NH NT Use: 3 Bdrm Contemporary, Lot: 6750sf
Private, Public Payments Solutions Set to Compete
Durham
BY DIANE MCLAUGHLIN
275-279 MAST RD . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,200,000 B: Histyle Properties LLC S: Van Rich Properties LLC Mtg: Kennebunk Svgs Bank $1,650,000 Use: Apartment Bldg - 9 + Units, Lot: 85813sf
Moultonboro
344 REDDING LN. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,990,000 B: Julian J Seeley & Elizabeth J Seeley S: Mark Bruckmann
Merrimack
DANIEL WEBSTER HWY . . . . . . . . . . . . . . . . . . . . . . . $1,976,666 B: Edgebrook Heights LLC S: Q Peter Nash Tr, Tr for Q Peter Nash 1987 RET
Milford
70 WILTON RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,908,533 B: Sackett Milford LLC S: Milford DG LLC Mtg: TD Bank NA $1,240,477 Use: Retail-department Store, Lot: 53143sf
Hudson
201 ROBINSON RD . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,500,000 B: Steel Properties LLC S: Noury Investments LLC Mtg: Noury Investments LLC $1,200,000
Manchester
170 BAKER ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,500,000 B: Bangor SB S: Carolyn J Neveu Tr, Tr for Carolyn J Neveu RET Use: Auto Repair, Lot: 33685sf
Meredith
1 WILCOMB IS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,450,000 B: Frazor T Edmondson & Dana D Edmondson S: Robert C Brown Mtg: Bank of New Hampshire $1,000,000 Use: 3 Bdrm Contemporary, Lot: 7841sf
Waterville Valley
41 VILLAGE RD U:3215. . . . . . . . . . . . . . . . . . . . . . . . $1,436,000 B: P F Prop Waterville Vly S: KW Resort Properties LLC Mtg: Bank of New Hampshire $958,000 Use: Condo
REGISTRY REVIEW STAFF
T
he Federal Reserve’s new realtime payments system will operate seven days a week, including holidays, but likely won’t be available until at least 2023. FedNow, an end-to-end instant payment service, will provide banks with the infrastructure to let individuals and businesses make real-time payments. After releasing a proposal last year and accepting public comments, the Federal Reserve on Thursday provided details of the new service. The Fed last year had targeted a launch date of 2023 or 2024, and that target has not changed. A more specific time frame will be announced after additional work is completed, the Fed said in a statement. The system is facing competition from The Clearing House’s own real-time payments system, which launched last year. FedNow and private sector services will “modernize the U.S. payment system and bring the benefits of instant payments broadly to communities across the country,” the Fed said in a statement. “The rapid expenditure of COVID emergency relief payments highlighted the critical importance of having a resilient instant pay-
REAL ESTATE RECORDS
500
3 Belknap �������������������������� 07/31/20 4 Carroll ���������������������������� 07/31/20 4 Cheshire ������������������������ 07/31/20 5 Coos �������������������������������� 07/31/20 5 Grafton ���������������������������� 07/31/20 6 Hillsborough ������������������ 07/31/20 9 Merrimack ���������������������� 07/31/20 10 Rockingham ������������������ 07/31/20 12 Strafford ������������������������ 07/31/20 13 Sullivan �������������������������� 07/31/20 14 Bankruptcies 14 Lien & Attachments 14 Foreclosure, Mortgagee & Other Lien Auctions 14 Requests for Bids & Proposals
400 300 300 200 200
June July July Aug. Aug. Sept. Sept. Oct. Oct. Nov. Nov. Dec. Dec. Jan Jan. Feb. Feb. Mar. Mar. Apr. Apr. May May June June June ’19
’20
Number 650 of Sales 650 575 575 500 500 425 425
350 350 275 275 200 200
June June June June June June June June June June June June ’15 ‘16 ’17 ’18 ’19 ‘20
Continued on Page 16
TO OUR CUSTOMERS
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700 700 600
TRANSACTIONS THRU
but has not yet decided on the amount, according to the Federal Register notice providing details about the new service. After the Fed originally proposed a $25,000 limit last year, several banks, trade organizations and other commenters provided feedback suggesting a higher limit or one in line with market conditions at the time of launch. A higher limit was suggested in part to support larger business-tobusiness payments. Banks will have the option to set lower limits.
Number of Condo Sales
INDEX PG COUNTY
ments infrastructure with nationwide reach, especially for households and small businesses with cash flow constraints,” Federal Reserve Board Governor Lael Brainard said. Individuals and businesses will be able to use FedNow at participating U.S. banks to send payments any time of day through online or mobile banking services. The FedNow Service will support different types of payments, as well as information related to the payment, including invoices. The Fed intends to set a transaction limit
New Hampshire Market Statistics
Tuftonboro
8 CARILLON SHRS. . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,400,000 B: Annette Krawietz & Thomas Kaeppeler S: Richard D Haynes Tr, Tr for Jacquelyn R Haynes RET Mtg: Inst Svgs Newburyport $1,120,000 Use: 2 Bdrm Contemporary, Lot: 43560sf
A viable real-time payments system is considered an important asset for community banks looking to secure more business customers, who frequently must make payments to other firms with accounts outside their own bank.
Year
Number of Sales
Change Prior Year
June 2015 June 2016 June 2017 June 2018 June 2019 June 2020
488 537 598 575 540 454
0% 10.09% 11.03% -3.20% -6..85% -15.14%
q Statistics based on condominium sales over $1,000 q Source: The Warren Group
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he Warren Group is making every reasonable effort to collect real estate data during these unprecedented times. As more registries restrict access and courts close down, we anticipate further collection issues and as a result you will see fewer sales, notices and liens in The Registry Review. We will publish this information as it is available. We apologize for any inconvenience this crisis may cause, and we thank you for your understanding and continued support of our newspapers. Please call or email customer service at 617-896-5388 or customerservice@thewarrengroup.com if you have any questions. All collection issues are also available on our website, www.thewarrengroup.com/data-collection-issues. Sincerely, Cassidy Norton, Associate Publisher The Warren Group