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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Need Info On Forclosure In Connecticut Posted by trel on July 26, 2001 at 10:50 AM In Reply to: Need Info On Forclosure In Connecticut posted by Rosemarie on July 22, 2001 at 3:48 PM Rosemarie, You live in a state with some of the strangest foreclosure laws. The lender can easily foreclose... and you can easily stall the process, depending on the type of foreclosure action taken and your desired outcome. However, the lender can quickly get title to the property without a foreclosure sale and you can be removed from your property quickly too. Get up to speed by looking at your loan/mortgage documents and using the web to look up CT state statutes. You can also consult with a real estate professional familiar with the laws in CT, and then there are always attorneys. CT allows borrowers certain protections while being unemployed or underemployed... but you'll have to check the laws for specifics. You might consider a short sale if time allows. And yes, depending on still more variables, the lender may be able to sue you for the balance not brought at sale... but again, please check the type of foreclosure the lender is pursuing and all the laws associated with it. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : Rosemarie, : You live in a state with some of the strangest foreclosure laws. : The lender can easily foreclose... and you can easily stall the : process, depending on the type of foreclosure action taken and : your desired outcome. However, the lender can quickly get title : to the property without a foreclosure sale and you can be : removed from your property quickly too. : Get up to speed by looking at your loan/mortgage documents and : using the web to look up CT state statutes. You can also consult : with a real estate professional familiar with the laws in CT, and : then there are always attorneys. : CT allows borrowers certain protections while being unemployed : or underemployed... but you'll have to check the laws for : specifics. : You might consider a short sale if time allows. : And yes, depending on still more variables, the lender may be : able to sue you for the balance not brought at sale... but again, : please check the type of foreclosure the lender is pursuing and : all the laws associated with it. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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