Vol.42, No.44
www.thewarrengroup.com
W E E K O F M O N D A Y, N O V E M B E R 2 , 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
BANKER BEWARE
Moultonboro
124 HAUSER ESTATES RD. . . . . . . . . . . . . . . . . . . . . . $5,250,000 B: John W Marriott 3rd S: Alan S Barrett Tr, Tr for Alan S Barrett RET
Portsmouth
417 WOODBURY AVE . . . . . . . . . . . . . . . . . . . . . . . . . $3,090,000 B: 417 Woodbury LLC S: Meena Investments LLC Mtg: Primary Bank $5,145,000 Use: Hotel, Lot: 73616sf
Hampton
Lenders Look to Remove Friction from Online Fraud Fight Pandemic Drove Adoption of Digital Services, Increased Fraud Risks BY DIANE MCLAUGHLIN REGISTRY REVIEW STAFF
1074 OCEAN BLVD . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,900,000 B: Tanya H Baghdassarian S: Brian H Craven Tr, Tr for Ronald D Craven RET
Rye
25 FAIRWAY DR. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$2,550,000 B: James L Jacobs 2nd Tr, Tr for James L Jacobs 2nd T S: Peter F Spears Tr, Tr for Peter F Spears RET
New Castle
107 PISCATAQUA ST. . . . . . . . . . . . . . . . . . . . . . . . . . $2,525,000 B: Peter Holzaepfel & Morgan Holzaepfel S: Richard A Ferdinand Tr, Tr for Rigazio Ferdinand FT Mtg: First Republic Bk $1,893,750 Use: 2fam-5fam Residence, Lot: 21344sf
Nashua
82-92 AMHERST ST . . . . . . . . . . . . . . . . . . . . . . . . . . $2,420,000 B: Amherst Place LLC S: 82 Amherst Street LLC Mtg: St Marys Bank $2,100,000 Use: Apartment Bldg - 9 + Units, Lot: 48787sf
Chesterfield
22-24 NAMASCHAUG LNDG. . . . . . . . . . . . . . . . . . . . $1,850,000 B: Thomas R Eaton Tr, Tr for Thomas R Eaton RET S: Robert K Parker Tr, Tr for Virginia K Parker T Mtg: Mascoma Bank $1,572,500 Use: 1-Family, Lot: 50530sf
Sunapee
108 HIGH RIDGE RD . . . . . . . . . . . . . . . . . . . . . . . . . . $1,800,000 B: Lee W Gartley & Hilda C Gartley S: Gwain H Gillespie & Janet W Gillespie Mtg: Title Mtg Solution $1,200,000 Use: 5 Bdrm Cape Cod, Lot: 94090sf
Wolfeboro
69 S MAIN ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,700,000 B: Jennifer A Burchill Tr, Tr for 69 South Main Street RT S: Marcus J Quint & Jacqueline R Quint Use: 1-Family, Lot: 40511sf
Dover
W
ith many branch lobbies closed during the early months of the pandemic, banks and credit unions leaned on existing online banking tools, while also accelerating plans to adopt new technology, including platforms for opening accounts online. But this digital transformation has also brought opportunities for fraud. Fraud prevention measures come with their own risk: friction as customers try to sign up for online financial services in a world where consumers have become accustomed to the ease of doing business online. To find a balance between complying with regulatory requirements to know the customer and creating a frictionless user experience, banks have turned to financial technology partnerships to balance the two.
Pandemic Made Customers Vulnerable That the pandemic would amplify fraud risks became clear at the outset. The closed branch lobbies and the increased adoption of online banking provided an ideal environment for phishing, said Michael Nicastro, CEO of the New Haven, Connecticut-based regulatory technology firm Continuity. He called these attempts to have bank customers provide ac-
140 CROSBY RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,600,000 B: 140 Crosby Road LLC S: Liam M Brennan Tr, Tr for Brennan FT Mtg: Liam M Brennan T $1,280,000 Use: Industrial Warehouse, Lot: 247421sf
Gilford
590 EDGEWATER DR. . . . . . . . . . . . . . . . . . . . . . . . . . $1,550,000 B: John E Hughes Tr, Tr for 590 Edgewater Drive RET S: William C Scott & Virginia A Scott
count credentials “the simplest methodology based on simple psychology.” “Good, old-fashioned phishing was right back again because people were panicked; the guard is down, and people get a little nervous,” Nicastro said. “Their only access to the bank is electronically.” Along with phishing, fraudsters used the pandemic for cyberattacks to spread malware and to access account information, Nicastro said. As banks develop and launch more digital tools and platforms that let customers open accounts online without visiting a branch, Nicastro said, fraud prevention will need to be a key consideration beyond the look of the
front-end platform. “You’re now doing it amidst a pandemic of a real physical virus that has somewhat given birth to a pandemic of a virtual virus of these kinds of attacks on people’s privacy and personal information,” Nicastro said. “Everybody has to be smart about it.” Nicastro expects regulators will eventually look at how banks addressed fraud during the pandemic, but not just by examining what technology banks used. He expects examiners to also look at the discussions that happened in C-suites and with boards around the pandemic and its fallout.
New Hampshire Market Statistics Single-Family Sales By Month 2,000 2000
1,500 1500
REAL ESTATE RECORDS TRANSACTIONS THRU
3 Belknap �������������������������� 10/16/20 4 Carroll ���������������������������� 10/16/20 4 Cheshire ������������������������ 10/16/20 5 Coos �������������������������������� 10/16/20 6 Grafton ���������������������������� 10/16/20 7 Hillsborough ������������������ 10/16/20 9 Merrimack ���������������������� 10/16/20 10 Rockingham ������������������ 10/16/20 13 Strafford ������������������������ 10/16/20 13 Sullivan �������������������������� 10/16/20 14 Bankruptcies 14 Lien & Attachments 14 Foreclosure, Mortgagee & Other Lien Auctions 14 Requests for Bids & Proposals
1,250 1250 1,000 1000 750 750 500 500
Sept. Oct. Oct. Nov. Nov. Dec. Dec. Jan. Feb. Feb. Mar. Mar. Apr. Apr. May May June June July July Aug. Aug. Sept. Sept. Sept. ’19
’20
Number 1800 of 1,800 Sales 1600 1,600 1400 1,400
1,200 1200 1,000 1000
Sept. Sept. Sept. Sept. Sept. Sept. ’15 ’16 ’17
Sept. Sept. Sept. Sept. Sept. Sept. ’18 ’19 ’20
Sept. 2015 Sept. 2016 Sept. 2017 Sept. 2018 Sept. 2019 Sept. 2020
Continued on Page 16
TO OUR CUSTOMERS
1,750 1750
INDEX PG COUNTY
Even old-fashioned phishing attacks became effective ways to separate bank customers from their passwords then the tensest days of the pandemic left account-holders with only electronic access to their bank.
Number of Sales
Change Prior Year
1,521 1,647 1,692 1,563 1,594 1,480
16.37% 8.28% 2.73% -7.62% 1.98% -7.15%
q Statistics based on single-family home sales of $1,000 q Source: The Warren Group
©2020 The Warren Group Inc. All rights reserved. No part of this publication may be reproduced without the written consent of the publisher.
T
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