Redemption and Deficiency Judgments in Connecticut
Whether you can buy back your home after a foreclosure sale in Connecticut, and whether the lender can sue for what's still owed.
Short answer: In a strict foreclosure, the owner keeps an "equity of redemption" and may redeem by paying the debt on or before the owner's law day set by the court. Conn. Gen. Stat. § 49-15; Connecticut Judicial Branch Law Libraries, Foreclosure research guide
| Redemption after the sale | In a strict foreclosure, the owner keeps an "equity of redemption" and may redeem by paying the debt on or before the owner's law day set by the court. When the law day passes without payment, the right to redeem is cut off and title becomes absolute in the lender or redeeming lienholder. A strict-foreclosure judgment generally cannot be reopened after title has become absolute, except in limited cases where all parties agree within set time limits. |
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| Deficiency judgments | Yes. Within 30 days after the redemption period ends, any party may file a motion for a deficiency judgment. At a hearing, the court sets a value for the property and enters judgment for the difference, if any, between that value and the lender's claim. In any later suit on the debt, the lender can recover only that judgment amount. Source: Conn. Gen. Stat. § 49-14 |
More Connecticut foreclosure & homeowner law
- How Foreclosure Works in Connecticut
- HOA Liens and Foreclosure in Connecticut
- Getting Your Home Back After a Tax Sale in Connecticut
- All Connecticut foreclosure & homeowner law rules
FAQ
Is there a right of redemption after foreclosure in Connecticut?
In a strict foreclosure, the owner keeps an "equity of redemption" and may redeem by paying the debt on or before the owner's law day set by the court. When the law day passes without payment, the right to redeem is cut off and title becomes absolute in the lender or redeeming lienholder. A strict-foreclosure judgment generally cannot be reopened after title has become absolute, except in limited cases where all parties agree within set time limits.
Can the lender come after you for the rest of the loan after foreclosure in Connecticut?
Yes. Within 30 days after the redemption period ends, any party may file a motion for a deficiency judgment. At a hearing, the court sets a value for the property and enters judgment for the difference, if any, between that value and the lender's claim. In any later suit on the debt, the lender can recover only that judgment amount.
General legal information, not legal advice. Laws change and local rules can differ; check the linked official source or talk to a lawyer about your situation.