Here is a summary of foreclosure laws and rules for the State of Vermont:
- Lenders can use either a mortgage or deed of trust.
- Lenders primarily use a mortgage and foreclose by judicial sale.
- Non-judicial foreclosures are becoming more common with residential loans.
- The redemption period is generally 90 days, but can vary.
- The lender can sue for deficiency.
If you are interested in reading the actual statutes relevant to mortgage and foreclosure in Vermont those laws are available online.
Learn more about what the above procedures and rules mean. Review the homeowner foreclosure guide on this website.
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