ForeclosuresToGo
Learning Center | How to Buy Connecticut Foreclosures

How to Buy Connecticut Foreclosures
Overview
Basic Steps to Purchasing Preforeclosures
Basic Steps to Purchasing Property at an Auction Sale

Answers
 

Overview

In Connecticut, there are two types ofmortgagejudicial foreclosure:strict foreclosure and foreclosure by sale. Because of this, it could take two (2) months or more from the time a property owner receives anotice of default until the property is sold at apublic foreclosure auction sale. Accordingly, don't wait until the property becomesReal Estate Owned (REO) after the auction because the property will cost more than it would inpreforeclosure.

Adeficiency judgment is available to a lender if a property inforeclosure is sold at apublic foreclosure auction sale for less than the loan amount that the underlying mortgage secures.


Read more...

Learn more about how to buy Connecticut foreclosures and access America's largest searchable database of foreclosed homes.

It's FREE for 7 Days click here.

If you already have a Foreclosure.com account click here.

Home Login Contact About Lost Access Code Email Alerts FAQs
Privacy Policy & Security Statement Terms & Conditions of Service