Vermont is a strict foreclosure state. That means that until the mortgage is paid in full, the lender is considered the legal owner of the property and if the borrower defaults on any terms of the mortgage agreement then the lender may take possession of the property and sell it. However, before the lender does so the lender must go to court and the court must issue a decree of foreclosure.
Speak to an Experienced Foreclosure and Alternatives Attorney Today
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.