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In Connecticut, there will be an auction for something usually around retail. If the home sells AT the auction, the lender gets their $100,000 + fees and the home owner gets the remaining from the purchase price. IF no one purchases the property at the auction, the lender get the home free and clear. You get nothing. To stop the foreclosure you must catch up ALL lay payments and fees prier to the auction.
FriendshipProperties 4 years ago
i live in north branford
atl1192 4 years ago