Connecticut Motion for Judgment of Foreclosure by Market Sale is a legal action taken by a lender in order to secure a loan. It is the last step the lender takes in order to secure repayment of the loan or to take possession of the property that is being used to secure the loan. A motion for judgment of foreclosure by market sale allows the lender to sell the property at a public auction to recover any unpaid balance of the loan. There are two types of Connecticut Motion for Judgment of Foreclosure by Market Sale: accelerated foreclosure by market sale and non-accelerated foreclosure by market sale. With an accelerated foreclosure by market sale, the lender can set a sale date for the property within 60 days after the motion is granted. With a non-accelerated foreclosure by market sale, the lender must wait three months after the motion is granted before selling the property.
Connecticut Motion for Judgment of Foreclosure by Market Sale
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How to fill out Connecticut Motion For Judgment Of Foreclosure By Market Sale?
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