If you are facing foreclosure in Vermont, start here to learn about the process.
Foreclosures in Vermont are conducted either judicially (meaning they go through court) or through something called strict foreclosure. With each method, the lender must follow certain procedures. In some cases, Vermont homeowners are entitled to request mediation in the foreclosure process. If you do lose your home through foreclosure in Vermont and it was underwater, the lender can go after you for any "deficiency" -- the difference between the sale proceeds and the amount you owed on the loan.
Below you can get more details on Vermont foreclosure procedures and its foreclosure mediation program. For more information on foreclosure, alternatives to foreclosure, and government programs to help you avoid foreclosure, visit our Foreclosure Center.
Vermont is among the states that allow lenders to foreclose by court order, without holding a sale.
Vermont Foreclosure Laws and Procedures
If you’re facing a foreclosure in Vermont, the process will be either a "foreclosure by judicial sale" or a "strict foreclosure."