All foreclosures of Connecticut property occur through the court system. There are two types of judicial foreclosure in Connecticut: strict foreclosure and foreclosure by decree of sale. In a strict foreclosure, the court gives the lender permission to take possession of the property and no sale occurs. This procedure is usually used when the borrower has little or no equity in the property. In a foreclosure by decree of sale, the court gives the lender permission to sell the property according to the rules for foreclosure sales.
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This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified foreclosure and alternatives lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local foreclosure and alternatives attorney to discuss your specific legal situation.