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Strict foreclosure in Connecticut means:

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Question & Answer

Review the question and all answer choices

A

Quick sale process

Strict foreclosure is not a quick sale process. In fact, it bypasses the sale entirely, making it a distinct alternative to foreclosure sales which are typically faster than traditional foreclosure but still involve a sale.

B

Title transfers to lender without sale if borrower fails to redeem

Correct Answer
C

No redemption period

While strict foreclosure does eliminate a traditional redemption period, this is not its defining characteristic. The key feature is the direct transfer of title to the lender, not simply the absence of a redemption period.

D

Public auction required

Public auction is explicitly NOT required in strict foreclosure. This process specifically avoids the sale step that characterizes other foreclosure methods like judicial foreclosure and non-judicial foreclosure.

Why is this correct?

In strict foreclosure, if the borrower fails to redeem by the law day, title transfers directly to the lender without a public sale. This distinguishes it from other foreclosure methods where a sale is required to satisfy the debt.

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