Connecticut Foreclosure

The Connecticut foreclosure system is a little different from most. It uses the mortgage as the security instrument and the judicial system to carry out the foreclosure process. Whether or not there's equity in your property determines the type of judicial foreclosure which is used.

If there's no equity in your property, then a strict foreclosure is carried out. This means that no sale of the property actually occurs. Once the lawyer files the required foreclosure papers, a judge sets a date when you must pay the amount that you're behind to get your house back.

If you don't pay by that time, then the other lien holders (2nd mortgage, etc.) get a chance to pay. If no one pays, then ownership goes to the lender. The lender then has 30 days to file a certificate of foreclosure to get legal title to property. This whole process takes about 5 months.

If there is equity in the property, then a foreclosure by sale is carried out as follows:

1. The court sets a date of sale which is usually 60 to 90 days away.


2. The court assigns an attorney to the case and appoints 3 appraisers to determine value of the property


3. The attorney publishes the sale notice in a newspaper of general circulation.


4. On the date alloted, the attorney conducts the sale.