Vermont Statutes Title 12 Sec. 4968
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Terms Used In Vermont Statutes Title 12 Sec. 4968
- Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
§ 4968. Transfer of title
Title to the foreclosed mortgaged property under this section shall not pass to the purchaser until the time of the recording of the deed and affidavit. Upon such recording, title to the mortgaged property shall pass to the purchaser free and clear of all interests and encumbrances which do not have priority over such mortgage. (Added 2011, No. 102 (Adj. Sess.), § 1.)