The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
003
:
FORECLOSURE BY JUDICIAL SALE
(Cite as: 12 V.S.A. § 4945)
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§ 4945. Judicial sale foreclosure
(a) All liens and mortgages affecting real property may, on the written motion of any
party to any suit for foreclosure of such liens or mortgages, or at the discretion
of the court before which the foreclosure proceedings are pending, be foreclosed by
a judicial foreclosure sale, even if the mortgage does not contain a sale provision
instead of a strict foreclosure.
(b) In an action for foreclosure, if a lien or interest in such realty is held by any
person or federal agency which may not be foreclosed by strict foreclosure pursuant
to federal law, a decree may be entered providing for such period of redemption as
the court may determine, and providing for a sale of the mortgaged premises at the
conclusion of such period if the premises are not redeemed, and for the time, manner,
and notice of sale, if required, and the application of the proceeds therefrom. (Added 2011, No. 102 (Adj. Sess.), § 1.)