This General Durable Power of Attorney is a general, durable power of attorney which is effective IMMEDIATELY. You can use this form to appoint an attorney-in-fact (agent) to make decisions regarding property, financial, management, banking, business and other matters for you. The powers granted to an Agent in this Power of Attorney are very broad, but do NOT provide for health care services. This form complies with all applicable state statutory laws.
Ct Attorney Property Foreclosure
Category:
State:
Connecticut
Control #:
CT-P003A
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Connecticut General Durable Power Of Attorney For Property And Finances Or Financial Effective Immediately?
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FAQ
In Connecticut, mortgage and other foreclosures fall into one of two categories; either Strict Foreclosure (no equity-debt greater than value of property) or Foreclosure by Sale (enough equity to justify auction considering costs of sale- debt less than value of property).
You Have Options Chapter 13 Bankruptcy. This is the strongest approach at the moment. ... Court Mediation. The state of Connecticut has instituted mandatory foreclosure mediation. ... Government Programs. Ultimately, the best way out of foreclosure is with the experienced help of a specialized foreclosure relief attorney.
The Law Day can be as soon as 21 days after the court enters a judgment of strict foreclosure, but it's typically between 45 and 90 days after the judgment. If you don't redeem by the Law Day, you lose ownership of the home. You can request that the judge extend the Law Day by filing a motion with the court.
Strict Foreclosure. A small number of states allow this type of foreclosure. In strict foreclosure proceedings, the lender files a lawsuit on the homeowner that has defaulted. If the borrower cannot pay the mortgage within a specific timeline ordered by the court, the property goes directly back to the mortgage holder.
The Superior Court appoints an individual, usually a local attorney, as the foreclosure committee. This individual advertises the sale and conducts an auction at the property on a date set by the Court. The bid obtained from the highest bidder at the auction is submitted to the court for approval.