Connecticut Foreclosure Law
Facts:
Judicial Foreclosure Available: Yes
Non-Judicial Foreclosure Available: No
Primary Security Instruments: Mortgage
Timeline: Typically 60 Days
Right of Redemption: No
Deficiency Judgments Allowed: Yes
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Quick Summary:
In Connecticut, lenders may foreclose on a mortgage in default by using the judicial foreclosure process.
The foreclosure timeline in Connecticut is typically 60 days from the time you miss your first payment until a Notice of Default or Notice of Sale is issued to your actual foreclosure date and sale.
Connecticut homeowners do not have the right of redemption but are allowed deficiency judgments.
New Information on Connecticut Foreclosure Laws and regulations:
Provides for a mediation program in residential foreclosures actions as requested by the mortgagor, and for notice of the program. To view bill SB 948 click here
For more information on Connecticut Foreclosure laws and regulations visit http://www.ncsl.org/public/leglinks.cfm and click on your state.
Or Contact:
Connecticut Attorney General's Office
55 Elm St.
Hartford, CT 06106
Ph: (860) 808-5318
Fax:(860) 808-5387