Connecticut Foreclosure Process

The Connecticut foreclosure process begins when borrowers fail to make the payments on their home mortgage agreement. When this occurs it is common for the lender to immediately file a notice of default that the borrower has failed to make their payments. This notice is the first step of a foreclosure and it is posted in the local newspaper classified section as public information. It is public information when a notice of default has been filed.

A notice of default may be filed for the first missed payment or after the 3rd. It usually depends on the lender and if you are remaining in touch with the lender about your financial situation and if you really want to save your home or not. A lender may still file the notice of default as a routine process but still work with you to save your home.

There are many options that a lender will give you to save your home if you have missed payments and the Connecticut foreclosure process has begun. Always remain in touch with the lender if you want to save your home and catch up with the missed payments. When you remain in touch with the lender they will do what they can to help you because they don’t want your home. The lender wants the money for the loan. If you do not remain in touch with the lender then they will not only initiate the Connecticut foreclosure process but they will make sure it happens as quickly as possible.

If the lender moves forward with the Connecticut foreclosure process because you cannot get caught up on the payments, you don’t remain in touch with them, or you both cannot come to an agreement, the next thing they will do is schedule an intent to sell through the courthouse. This date is the final date the home will go to a public auction and be sold to the highest bidder.

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