If a Connecticut court enters a strict foreclosure against your home, the judgment will set a law day. This is the deadline for you to redeem the property, which generally means paying the debt, interest and costs required by the court. If you do not redeem by your law day, your right to redeem the home ends.
How do law days work in strict foreclosure?
In a strict foreclosure, the court sets law days for you and certain other parties with an interest in the property. The timeline generally works this way:
- Property owner: As the property owner, you generally receive the first law day.
- Other lienholders: Creditors with claims against the property may receive later law days based on the priority of their liens.
- Title transfer: If no eligible party redeems, the foreclosing party can gain full ownership after the remaining law days pass.
Unlike foreclosure by sale, strict foreclosure does not involve a public auction.
What can you do before your law day?
Because your right to redeem ends if you miss your law day, it is important to understand what options may be available before that date.
Depending on the stage of your case, foreclosure options may include:
- Foreclosure mediation, if you meet the program requirements and deadlines
- A loan modification through your lender
- Bankruptcy, depending on your financial circumstances
These options may become more limited as your foreclosure progresses, so timing can affect what choices remain available.
Understand your options before the deadline
Your law day is an important deadline because waiting until it passes can leave you with fewer ways to address the foreclosure. Review your judgment and other court notices as early as possible. If you are unsure how the foreclosure order affects you, legal guidance can help you understand your deadlines and the options that may still be available.