Get CT JD-CV-74 2010

Answer. No, you can't get the home back after the foreclosure is completed. In Connecticut, you have up until what is called the Law Day in a strict foreclosure, or until the court confirms the foreclosure sale in a decree of sale foreclosure, if you want to pay off the debt and keep the home.

Strict foreclosure in the law of security interests in the United States, is the foreclosure of personal property that is subject to such an interest. ... The secured party in a strict foreclosure takes physical possession of collateral, and the debt for which the property served as collateral is discharged as fulfilled.

Strict foreclosure refers to foreclosure of a mortgage without a sale of the mortgaged property, being accomplished by a suit in equity and a decree rendered therein. ... A decree for strict foreclosure calls for payment of the debt secured within a reasonable period of time fixed by the court.

Foreclosure Law. Foreclosure law provides the means for a mortgage lender to take possession and sell a home when the borrower has defaulted on the loan. ... If the proceeds are not enough to pay off the loan, the borrower may be held personally liable for the difference, in addition to being forced out of the house.

You don't have to go court if your home is in foreclosure. A court isn't even involved if your lender uses non-judicial foreclosure. Whether you should go to foreclosure hearings or even start a case of your own depends on your personal circumstances.

Foreclosure mediation is a process that sometimes helps homeowners keep their homes after they've fallen behind in their mortgage payments. ... Attending foreclosure mediation doesn't ensure that you'll be able to avoid losing your home to a foreclosure, but it might increase your chances of working something out.

The judicial foreclosure process in Connecticut is carried out by either strict foreclosure or a decree of sale. With strict foreclosure, no actual foreclosure sale is held. Instead, the lender goes to court to try and obtain a court order demonstrating the borrower is in default of the mortgage.

How long does it take to foreclose a property in Connecticut? Depending on the court schedule and method of foreclosure, it usually takes approximately 60-75 days to effectuate an uncontested strict foreclosure.

Foreclosures in Connecticut are judicial, which means they must go through the court. Connecticut is a little different than other states that use a judicial process, though.

How long does it take to foreclose a property in Connecticut? Depending on the court schedule and method of foreclosure, it usually takes approximately 60-75 days to effectuate an uncontested strict foreclosure.

In Connecticut, you have up until what is called the Law Day in a strict foreclosure, or until the court confirms the foreclosure sale in a decree of sale foreclosure, if you want to pay off the debt and keep the home.

Connecticut is known as a lien theory state where the property acts as security for the underlying loan, however the operative mortgage documents in Connecticut have the same legal effect as a deed of trust in that the mortgagee (creditor) has legal title to the mortgaged premises and the mortgagor (debtor) has ...

Oregon is what is referred to a lien-theory state. ... The mortgagee (the lender) held a security interest (a lien) in the property until the loan was fully paid by the borrower (the mortgagor).

Oregon primarily operates as a title theory state where the property title remains in trust until payment in full occurs for the underlying loan. Foreclosure is a non-judicial remedy under this theory. The document that secures the title is usually called a deed of trust.

Connecticut is known as a lien theory state where the property acts as security for the underlying loan, however the operative mortgage documents in Connecticut have the same legal effect as a deed of trust in that the mortgagee (creditor) has legal title to the mortgaged premises and the mortgagor (debtor) has ...