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Special Report on

Strict Foreclosure in Connecticut

strict foreclosure in connecticut special research report Photo by freshstartct.com
to find the best deals is a process that includes sifting through many old or useless listings of properties. Look for a good foreclosure website that offers advanced search options to narrow your options quickly and easily, then follow-up with research into the particular areas that most interest you. Break your search down by either location or property type when searching a list of Connecticut real estate foreclosures . If you know where you want to relocate or invest in property, start your search within that specific area. If you’re open to several areas, but need a specific property type, keep your area search field ...
can grant the borrower the equitable right of redemption if the borrower repays the debt. While this equitable right exists, the lender cannot be sure that it can successfully repossess the property, thus the lender seeks to foreclose the equitable right of redemption. Other lien holders can also foreclose the owner's right of redemption for other debts, such as for overdue taxes, unpaid contractors' bills or overdue homeowners' association dues or assessments. The foreclosure process as applied to residential mortgage loans is a bank or other secured creditor selling or repossessing a parcel of real property ( ...
REVIEWS AND OPINIONS
Information You Should Know About A Connecticut Foreclosure
While nobody likes to take advantage of someone’s misfortune, the fact remains that there are a record number of foreclosures throughout the nation. Foreclosures in general represent great opportunity for those who are in a financial position to buy, especially in some states. A Connecticut foreclosure today represents one of the best values. Connecticut is among the top ten states in the nation for numbers of foreclosures on the market. The state’s small population makes that an even more impressive statistic, since it is extraordinarily high on a per capita basis. As a consequence, these foreclosures are also some ... market research, surveys and trends
Method Involved In Connecticut Foreclosure Process
Connecticut is experiencing many foreclosures as a result of the current economic downturn, and it thus warrants a discussion of the Connecticut foreclosure process. Connecticut’s foreclosure undertakings tend to be more severe than others, and foreclosed homes and businesses are typically sold. Judges will determine the foreclosure measures that will be used. A pre-foreclosure state marks the starting point of Connecticut’s foreclosure process. Documents are filed in court by the lender at this point, and borrowers and lien holders must be made aware of the filings at least twelve days before a court date. The ... market research, surveys and trends

SURVEY RESULTS FOR
STRICT FORECLOSURE IN CONNECTICUT

Are the Dominoes Falling? - Hartford Advocate
Foreclosure fever is gripping downtown Hartford. First, it was the iconic Bushnell on the Park, the curvy condominium project built in 1969 overlooking Bushnell Park. Next, two major office towers downtown, Metro Center One and CityPlace II, both owned by the mighty Northland Investment Corp., fell under foreclosure actions. Neither Bridgeport nor New Haven are experiencing similar crashes in their downtown real estate markets; in fact officials in both those cities say things are on the upswing. So what's different in Hartford? Steve Witten, a senior director at the New Haven office of Marcus & Millichap, the nation's ... industry trends, business articles and survey research
Connecticut Magazine | The Next Wave
In the wake of the greatest wave of home foreclosures in America since the Depression, and despite recent passage of a federal anti-foreclosure effort aimed at helping distressed homeowners, the forecast for Connecticut remains stormy—and the effect still to come on the Connecticut economy could be profound. With a 22 percent jump in foreclosure filings in March, Connecticut now rates just a little below the national average, according to RealtyTrac, an online foreclosure database. “Connecticut has never been one of the top-tier foreclosure spots,” says Daren Blomquist, marketing and communications manager at ... industry trends, business articles and survey research
RELATED NEWS
Candidate Fends Off Foreclosure
While working to earn votes in her pursuit of a state representative seat, Debra Hauser has been involved in another campaign—to save her East Rock home. “My husband had a failed business,” Hauser said on Thursday afternoon, when asked about the circumstances of foreclosure proceedings against her. She said she has recently come to an agreement with her lender to pay back the money her family owes. Hauser (pictured), a psychologist, is one of two Democrats running for New Haven’s only open state legislative seat , representing the 96th General Assembly district. The district includes parts of Hamden and ... market trends, news research and surveys resources
DREAMBUILDERS CONSTRUCTION, INC. v. DIAMOND
The defendant, Emalie Diamond, appeals from the judgment of strict foreclosure rendered in favor of the plaintiff, Dreambuilders Construction, Inc. [ 1 ] On appeal, the defendant claims that the trial court's (1) order of a strict foreclosure instead of a foreclosure by sale was improper, (2) finding that there was a contract between her and the plaintiff was clearly erroneous, (3) finding of the value of the services and material furnished to support the mechanic's lien was clearly erroneous, (4) finding that she could not avail herself of the protection of the Home Improvement Act (act); General Statutes § ... market trends, news research and surveys resources

INFORMATION RESOURCES

Foreclosure (Mortgage) in Connecticut
Section 1: Strict Foreclosure in Connecticut.................................... ................................................................4 ... technology research, surveys study and trend statistics
03/09 Possession of note is sufficient to - DIRT - A legal ...
MORTGAGES; FORECLOSURE; STANDING: Ownership and possession of note confer standing to foreclose mortgage even if mortgage arguably has been unlawfully assigned.  Chase Home Finance, LLC v. Fequiere, 2010 WL 653239 (Conn. Ct. App. March 2, 2010) The mortgagor borrowed $240,000 from BNC Mortgage in August of 2005. In return, she executed and delivered a promissory note to BNC, and secured the note with a mortgage that she executed and delivered to MERS. The mortgage recited specifically that the subject property was mortgaged to MERS and its assigns "as nominee for [BNC Mortgage, Inc.] and [its] successors and ... technology research, surveys study and trend statistics
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STRICT FORECLOSURE IN CONNECTICUT
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QUESTIONS AND ANSWERS
Is connecticut mortgage non-recourse mortgage? - Yahoo! Answers
Connecticut appears to be a bit vauge. It's going to depend on the foreclosure method, the value of the home vs the amount foreclosed upon, etc. Connecticut uses judicial foreclosure, either by “strict foreclosure” or “decree of sale.” There is a right of redemption during the strict foreclosure proceeding. Under strict foreclosure the lender can sue the borrower in an independent action for the debt owed. If the property is worth more than the balance owed on the loan, the lender cannot sue for a deficiency. The lender also gets to keep the excess value of the property. In proceedings to foreclosure by sale rather than ...
Collections Law: judgement lien to forclosure in Ct., judgement ...
With the credit market on a brink of collapse, the future of having good credit will be paramount. Loans will be near impossible to obtain with strict lending practices around the corner. Debt collectors and Law offices will use even stronger tactics to recover more of your hard earned money. Protecting you and your credit has to be a top priority. In 2000 Ontrack Financial Group llc founded the credit arbitration movement. More and more companies entered into the arena and new business models joined old ones. Only one company has the attitude and aptitude to truly assist our clients. Ontrack Financial Group llc is that company! ...