Does anyone know how quick you canbe issued an ejectment notice after the law date in a strict foreclosure, CT
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as you know the laws vary in every state...so below is a link to the different state forclosure laws...click on your state to view the laws. hope this answers your question
good luck
http://www.foreclosures.com/pages/state_...
Here's a link to the foreclosure process in CT.
I skimmed it but couldn't find an answer to your question.
Take a look at it and see if you can find the answer here.
http://www.foreclosures.com/www/pages/st...
Assuming Ct is for Connecticut, here is what I found:
The judicial foreclosure process in Connecticut is carried out by either strict foreclosure or a decree of sale. With strict foreclosure, no actual foreclosure sale is held. Instead, the lender goes to court to try and obtain a court order demonstrating the borrower is in default of the mortgage. If successful, the title transfers to the lender immediately. However, the court sets an established amount of time in which the borrower may redeem the property, but if they fail to do so, the title becomes absolute to the lender and the borrower has no longer has any claim to the property. The lender then has thirty (30) days to record a certificate of foreclosure, which must contain a description of the property, the foreclosure proceedings, the mortgage and the date the title became absolute.
With a decree of sale, the court: 1) establishes the time and manner of the sale; 2) appoints a committee to sell the property; and 3) appoints three appraisers to determine the value of the property.
The lender may sue to obtain a deficiency judgment in Connecticut.
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without looking at your paperwork, its hard to tell exactly where you are in the foreclosure procedure, most all states have a redemption period, including Ct. Call your lender, they will work with you, they don't want your house, most will set up a forebearance agreement (payment plan), if its not too late, you may have time to sell, call your lender and see what your options are. If by chance they aren't willing to work with you, call an attorney (most states have a legal aid, or legal services dept, or most attorneys will talk to you for an initial consultation for free)
Don't ignore it, a foreclosure will stay on your credit for about 10 years, you still have options. You probably have been inundated with mail from foreclosure experts, hard money lenders offering to refinance you at ridiculous rates, be careful, check with the better business bureau or the chamber of commerce, I have seen people get screwed out of their equity by investors, and so-called foreclosure experts. Good luck to you.
I am a realtor in CT and may be able to help. I deal with properties in foreclosure each day and might be able to help. If your interested contact me at mikeyc06010@yahoo.com
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