Is CT a redemption state?

?Connecticut is considered a 'title theory' state wherein the mortgagor debtor pledges property to the mortgagee creditor as security for a debt and conveys 'legal title' to the mortgaged premises; the mortgagor retains 'equitable title' or the 'equity of redemption'?.

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Connecticut Motion for Supplemental Judgment - Foreclosure by Market...

Connecticut Motion for Supplemental Judgment - Foreclosure by Market Sale

Name: Connecticut Motion for Supplemental Judgment - Foreclosure by Market Sale
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.59 (417 reviews)

Category:

Connecticut Statewide - Civil

State:

Connecticut

Control #:

CT-JD-CV-152

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Description

Motion for Supplemental Judgment - Foreclosure by Market Sale

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How to fill out Connecticut Motion For Supplemental Judgment - Foreclosure By Market Sale?

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Opposition to Summary Judgment: ?Unless otherwise ordered by the judicial authority, any adverse party shall file and serve a response to the motion for summary judgment within forty-five days of the filing of the motion, including opposing affidavits and other available documentary evidence.? Conn.

All debts, including other mortgages, liens and court judgments still remaining after a foreclosure are also discharged from personal liability.

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.

In a strict foreclosure, there is no foreclosure sale. Instead of a sale date, the judge sets a ?Law Day.? To keep your house, you must pay your full mortgage debt on or before your Law Day. If you don't pay in full by this date, your mortgage lender becomes the legal owner of the property.

Stat. § 49-10a (2021). Defenses: ?...'Historically, the defenses available in a foreclosure action have been limited to payment, discharge, release, satisfaction or invalidity of a lien.

?Connecticut is considered a 'title theory' state wherein the mortgagor debtor pledges property to the mortgagee creditor as security for a debt and conveys 'legal title' to the mortgaged premises; the mortgagor retains 'equitable title' or the 'equity of redemption'?.

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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MOTION FOR SUPPLEMENTAL JUDGMENT -. The judgment will specify the total amount due and direct how the sale proceeds will be distributed.In order to obtain its share of the sales proceeds, the mortgage lender must file a Motion for Supplemental Judgment. This motion asks for an auction to sell the home to the highest bidder. Entry of Supplemental Final Judgment of Foreclosure and Order Resetting Foreclosure Sale (the. "Motion"). On the evidence presented,. Get free access to the complete judgment in ESSEX SAVINGS BANK v. Get free access to the complete judgment in ESSEX SAVINGS BANK v. Generally speaking, lenders do not want to take possession of a foreclosed-upon home or sell it at auction. Sheriff's sales can occur even after an Indiana judgment lien expires.

Connecticut Motion for Supplemental Judgment - Foreclosure by Market Sale

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How to fill out Connecticut Motion For Supplemental Judgment - Foreclosure By Market Sale?

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