Vermont Foreclosure Laws
Attorney General’s Office
109 State Street
Montpelier VT 05609-1001
Tel: (802)828-3171
Fax: (802)828-5341
www.atg.state.vt.us
Type of Document: Mortgage and Trust Deed
Types of Foreclosure:
Strict foreclosure is once again used by this New England state. The
lender actually is deeded the property until the loan is paid off
completely. This is why the strict foreclosure method is so beneficial
to the lender; they already have title to the property.
Judicial foreclosure has become a little more common in the last few
years. It takes seven months for the lender to hold the foreclosure
sale after first serving the borrower.
Deficiency: The amount of the deficiency is determined by subtracting
market value from the amount owed the lender.
Redemption: The time allowed for redemption is one year for loans
prior to 1968, and six months for loans after 1968.
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