Can be a valuable resource for potential buyers and people who invest in foreclosure properties. Your certified check, money order or cashier’s check for 20% must be presented at the time of registration between 1:00 PM – 1:30 PM. Registrations will not be accepted after 1:30 PM. Initially, a minimum bid of $100 dollars is made by the Plaintiff in order to start the bidding process; however, interested bidders are to bid $100.00 above the announced Upset Amount made by the Auctioneer and subsequent bids of $1,000.00 increments, thereafter.
Not all states allow this, so it is important that homeowners look up the applicable foreclosure laws But banks almost never sue their former clients after foreclosure; they know that they could not make the mortgage payments to begin with, so there is little reason to assume that they can make payments on a judgment involving the mortgage.
The notice must also be sent to the borrower by registered or certified mail or statutory overnight delivery, return receipt requested and include a copy of the advertisement of the foreclosure sale that will be published in the official county newspaper for public announcements.
If it has not already done so, the holder of your mortgage must file proof that it owns title to the security instrument related to the real property with the clerk of the superior court of the county in which the real property is located, prior to the start of the foreclosure sale.
Clinic participants receive information about the judicial foreclosure and mediation process, guidance on how to prepare and what documents to bring to court, and information about resources available to clinic includes materials and, often a presentation by a representative, from the State of Connecticut Department of Banking.