Vermont Foreclosure Law

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Vermont Foreclosure Laws

Typical Vermont Foreclosure Time Frame – Typical Vermont foreclosure times are approximately 210 days.

Judicial Foreclosure – Yes, strict method

Non-Judicial Foreclosure – Yes

Types of Security Instruments – Mortgage and Deed of Trust

Right of Redemption Period – Borrowers are given 6 months

Vermont foreclosure laws provide lenders with two methods to obtain a foreclosure when a borrower has defaulted on their mortgage.  The first method is called the strict method and it is using the judicial system.  In order to use a strict foreclosure the borrower must have signed a mortgage or deed of trust that agrees that the lender owns the property fully until the mortgage is paid.  A non-judicial foreclosure requires the use of a power of sale clause to be present in the mortgage contract.

In the event that the power of sale clause stipulates the terms of the sale it must be followed exactly.  In the event that the power of sale clause does not specify the terms, Vermont foreclosure laws specify the procedure to be followed.

Under Vermont foreclosure law, the borrower is required to receive a notice of intent to foreclose a minimum of 30 days before the notice of sale may be published in the newspaper.  In addition the notice must be published a minimum of 30 days before the date of the sale.  The notice to the borrower must state that the borrower has received a copy of the notice a minimum of 60 days before the date of the sale.

The borrower is able to stop the sale at any point before the sale date by paying all of the money due on the mortgage plus all costs associated with the foreclosure.  The borrower is also entitled to a right of redemption period of six months to redeem the property after the sale.

For more information on Vermont foreclosure laws click here.


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The information found on this site is not intended to be legal advice. The foreclosure process is highly case specific and laws vary throughout the United States. Please seek professional legal counsel before entering into any contract regarding any real property or stopping the foreclosure on any real property. By using this site you consent to the terms posted here.