Connecticut General Statutes 49-31e – Application for protection from foreclosure
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In an action by a lender for the foreclosure of a mortgage of residential real property, the homeowner shall make application for protection from foreclosure, under the provisions of sections 49-31d to 49-31i, inclusive, not later than twenty-five days after the return day.
Terms Used In Connecticut General Statutes 49-31e
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.