How to Stop a Foreclosure Sale in Connecticut: A Guide for CT Homeowners

  • Reinstatement:

    If you can catch up on all missed payments, including fees and penalties, you can reinstate your mortgage and stop the foreclosure. This is often possible before a judgment is entered.

  • Forbearance:

    This agreement with your lender allows you to temporarily reduce or suspend your mortgage payments for a specific period. It's typically granted if you've experienced a temporary financial hardship.

  • Loan Modification:

    A loan modification permanently changes the terms of your mortgage, such as lowering the interest rate, extending the loan term, or adding missed payments to the loan balance.

  • Short Sale:

    If you owe more on your mortgage than your home is worth, a short sale allows you to sell the property for less than the outstanding balance. The lender must approve the sale.

  • Deed in Lieu of Foreclosure:

    This option allows you to voluntarily transfer ownership of your property to the lender, avoiding the foreclosure process.

  • Bankruptcy:

    Filing for bankruptcy, particularly Chapter 13, can temporarily halt the foreclosure process. Chapter 13 allows you to create a repayment plan to catch up on your mortgage arrears over time.

  • Selling Your Property:

    You can simply sell your property to pay off your loan and any backtaxes you may have.  However selling on the market typically takes 3 months to close, so typically a quick cash sale is required in these situations.

Failing to meet even one of these criteria invalidates a claim under adverse possession.


Key Actions to Take Immediatley:

  • Don't ignore the notices: Respond to all communications from your lender and the court.
  • Contact a HUD-approved housing counselor: These counselors provide free or low-cost advice and assistance to homeowners facing foreclosure.
  • Consult with a Foreclosure Attorney: An attorney can advise you of your legt rights and options and represent you in court.
  • Gather your financial documents: This includes mortgage statements, pay stubs, tax returns, and other relevant financial information.

Facing foreclosure in Connecticut can be overwhelming, but you're not without options.  This guide outlines the steps you can take to potentially stop a foreclosure sale and keep your home.  Do not hesitate to contact us at (860) 245-9865 to talk you through these options.

Understanding the Connecticut Foreclosure Process:

Connecticut is a Judicial Foreclosure state, meaning the Lender must go through the Court System to Foreclose.  This process offers homeowners some crucial opportunities to intervene. 

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Disclaimer: This article provides general information and should not be considered legal advice. Consult with a qualified professional for advice tailored to your specific situation.