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Terms Used In Vermont Statutes Title 12 Sec. 4939

  • 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.

§ 4939. Appeals

When a judgment is for the foreclosure of a mortgage, permission of the court shall be required for review. (Added 2011, No. 102 (Adj. Sess.), § 1.)