Connecticut Foreclosure — Plaintiff's Bid At Foreclosure Sale and Committee's Response is a legal process that allows a lender to obtain title to a borrower's property when the loan is in default. Lenders may initiate a foreclosure action in Connecticut by filing a complaint with the court and seeking a judgment of foreclosure. After the judgment is granted, the property is sold at a foreclosure sale, at which the lender can bid and purchase the property. The plaintiff's bid at the sale must be at least two-thirds of the appraised value of the property. If the plaintiff's bid is accepted, the court will approve the sale, and the plaintiff will become the new owner of the property. When the property is sold at a foreclosure sale, Connecticut law requires a committee to be appointed to review the sale. The committee comprises two members, one of whom is appointed by the plaintiff and the other by the defendant. The committee reviews the plaintiff's bid to ensure it is at least two-thirds of the appraised value. The committee also reviews the circumstances of the sale to ensure it is conducted according to Connecticut law. If the committee approves the sale, the court will approve it as well. If the committee disapproves the sale, it will be referred back to the court for further review and possible modification.