Your Name:
Your Email Address:
To: (Email)
Subject:
Message:
Email Preview:

Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Foreclosure Process for Vermont (VT)
If you live or own a home in Vermont and are facing foreclosure, please see below for the step by step process.  
When you develop a definite plan of action with well-timed, well-informed steps, you can stop the foreclosure process and save your home. We have outlined the foreclosure process for the state of Vermont. The Process Vermont allows foreclosure either by filing a lawsuit to obtain strict foreclosure, in which the title given to the lender by deed will be ruled to be final, or by filing a lawsuit to foreclosure under a power of sale clause in a deed of trust. Both procedures are governed by the Vermont Rules of Civil Procedure. There is a statute for deed of trust foreclosure (VT. Stat. Ann tit 12 §4531a). Under Vermont’s strict foreclosure procedures, the lender gets a deed to the property at the outset of the loan, but the deed also provides that the borrower can get the title back by repaying the loan. All the lender has to do is get a court declaration that the borrower has failed to meet the condition, and the title becomes final in the name of the lender after a statutory redemption ... more

__________________________________________________
Are you on The Rain? Grow Your Network!




Spam prevention