Where can I find current information in Connecticut on foreclosure sales?
To obtain information about forfeiture sales, please visit the appropriate website or contact the county or foreclosure sales agent directly.
Make sure you check with the appropriate county or foreclosure sales agent all information related to foreclosure sales. In coordination with the county and forklift sales agent, the following Foreclosure Sale FAQs were not developed. These FAQs are for educational or information purposes only, not for professional advice, legal, real estate or otherwise. These are not intended to be used as replacement. The provided information may be modified. For the most up to date details on foreclosure sales, please use specific local links and contact information provided. Forward-looking bidders are recommended to seek professional advice and carefully review the terms & conditions of the county or foreclosure selling agent and contact the county/forwarding agent to understand the forfeiture process and foreclosure sales fully.
What is Connecticut’s foreclosure sales process?
A forfeiture sale takes place through a public sale open to all bidders. The property will either be sold at a third party bidder or returned as a Real Estate Owned (REO) foreclosure to the beneficiary (mortgage, bank or lender). To request a copy of the rules for bidding and to review the sale process in detail, contact the respective county or Foreclosure Sales Agent.
When and where do we sell forfeiture?
The time and location of foreclosure sales are specific to the country. Please visit the appropriate county or sale agent website or for specific information contact the county or sale agent directly.
What should I bring to sale for foreclosure?
The counties typically require the payment of funds in cash, bank cash order or certified check at the time of sale. Checks both personal and business, credit letters or credit cards may not be accepted. Make sure that you visit the corresponding county or sale agent site or directly contact your county or sale agent for particular information.
What if a property is cancelled or deferred?
For many reasons before the bid starting, the sale of a property may be cancelled or postponed. There is no guarantee that a specific property is actually sold. For specific information, please visit the corresponding County or Foreclosure sales agent website or contact the County or Foreclosure sales agent.
Is the property free and unlimited?
Usually no. No. Many properties with all defects and constraints will be sold “as is, where is.” All prospective tenderers are encouraged to carry out due diligence themselves and to examine all matters concerning the properties they are interested in buying. You should seek independent advice in order to carry out your due diligence and to understand in full the foreclosure process and foreclosure sales in general before you sell. Your homework is worthwhile! It is up to you to search the title and ask counsel for any advice before the sale. For specific property information and title information please visit the appropriate county or sales agent site or contact the county or foreclosure sales agent directly.
Can I have a property inspection?
No, since these properties can be occupied, prospective bidders may not infringe upon the property, trouble occupants or contact borrowers to obtain property information
Do I get a sales deed?
Usually, after the sale is complete, the winning bidder will receive a deed. For specific information about deeds, please visit the corresponding county or preclosure sales officer web site or contact directly the county or preclosure sales agency.
Do you have a redemption period for Connecticut foreclosures?
Usually, no. A period of payment that may vary based on certain factors may be established. The borrower may be able to restore the premises during a restitution period. For specific details on any potential periods of redemption which could be imposed in Connecticut, please consult your property counsel or the County or Foreclosure Sales Agent.