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Does Vermont Law Allow for a Redemption Period After a Foreclosure?

Yes, Vermont law does allow a borrower to redeem a property after foreclosure. In most cases the borrower has 6 months from the date of the foreclosure sale to redeem the property by paying the outstanding loan and all applicable costs and fees. If the mortgage was entered into before 1968, however, the redemption period is extended to one year.

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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 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 attorney to discuss your specific legal situation.

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