UNIFORM PROCEDURES for FORECLOUSRE JUDGMENT PRESENTATION INSTRUCTIONS
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People also ask
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How long do you have to move out after foreclosure in CT?
The federal Protecting Tenants at Foreclosure Act of 2009, as clarified by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, requires that most tenants in occupancy at the time a property title is transferred between owners due to foreclosure cannot be required to vacate for at least 90 days after ...
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Is CT a judicial foreclosure state?
Connecticut is one of only three states that uses strict foreclosure. A strict foreclosure does not involve a judicial sale of the property. Instead, each of the individuals or entities that holds an interest in the property being foreclosed are assigned “Law Days”. Law Days are assigned in inverse order of priority.
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What is a judgement of foreclosure and sale in NY?
New York is a judicial foreclosure state, which means that the lender has to sue the borrower in order to enforce their rights under the mortgage and note. If the lender wins the lawsuit, it obtains a judgment from the court, which allows the lender to sell the property at an auction.
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What is a judgement of foreclosure by sale in CT?
foreclosure by sale: “All liens and mortgages affecting real property may, on the written motion of any party to any suit relating thereto, be foreclosed (1) by a decree of sale instead of a strict foreclosure at the discretion of the court before which the foreclosure proceedings are pending, or (2) with respect to ...
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What is the right of redemption for a foreclosure in CT?
If the court orders a foreclosure sale, you can redeem the home between the judgment and the sale date, usually lasting 60 to 90 days. You can also redeem the home during the time the court takes to confirm the sale, usually 14 to 30 days. Once the sale is final, you can't redeem. (Conn.
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What happens after a foreclosure auction in NY?
You continue to own the property all the way up until the auction — so up until the day the property is sold, you can sell, file bankruptcy, refinance, etc. If someone is still living in the home after the auction, the buyer may have to file an eviction to remove that person from the home. 4.
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Which states have judicial foreclosure?
Foreclosures are generally judicial in the following states: Connecticut, Delaware, District of Columbia (sometimes), Florida, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana (executory proceeding), Maine, Nebraska (sometimes), New Jersey, New Mexico, New York, North Dakota, Ohio, Oklahoma (if the ...
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What is a judgement of foreclosure by sale in CT?
foreclosure by sale: “All liens and mortgages affecting real property may, on the written motion of any party to any suit relating thereto, be foreclosed (1) by a decree of sale instead of a strict foreclosure at the discretion of the court before which the foreclosure proceedings are pending, or (2) with respect to ...
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