Stop Foreclosure Connecticut

Did you know there are several programs that can help save your Connecticut home and stop the impending foreclosure? Loss Mitigation Agencies, such as ours, are experts in these programs and have assisted thousands of homeowners by providing straight answers and viable solutions.

Sometimes things beyond your control can put you into a financial bind that makes it hard to keep up with your mortgage payments. Don't let a missed mortgage payments in Connecticut CT turn into default, mortgage foreclosure or eviction.

You and your family can rely upon us to provide guidance, comfort and assurance through this current situation. Let us reduce your stress and put you at ease.

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Connecticut CT Foreclosure Laws

Lenders in the state of Connecticut may foreclose on mortgages in default by using a judicial foreclosure process.

Judicial Foreclosure

A judicial process of foreclosure requires that the lender file a lawsuit and attain a court order to foreclose on a particular property. In Connecticut, the process is carried out either by strict foreclosure or a decree of sale.

Strict Foreclosure: The lender petitions the court to obtain a court order showing that the borrower is in default of the mortgage. If the lender is successful in their motion, the title is immediately transferred to the lender. No actual foreclosure sale is held as part of a strict foreclosure proceeding.

The court may however elect to set an established timeframe in which the borrower may redeem the property. If the borrower fails to do so during the allotted time, absolute title passes to the lender and the borrower no longer has any claim to the property. The lender then has thirty (30) days to record a certificate of foreclosure, which must contain a description of the property, the foreclosure proceedings, the mortgage and the date the title became absolute.

Decree of Sale: The court will establish the time and manner of the foreclosure sale, appoint a committee to sell the property, and appoint three appraisers to determine the property’s value. The borrower may stop the foreclosure proceedings at any time prior to the sale by paying the balance due on the mortgage. The committee will go forward with the sale if the amount due is not received. The state allows the lender the option to sue for a deficiency judgment.

Legal Information Is Not The Same as Legal Advice This site provides information about Connecticut state foreclosure law designed to help users safely cope with their own legal needs and possible find alternatives. Everyone's legal status is different. The laws of every state are in constant change and we recommend you consult a lawyer.