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. § 4949)
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§ 4949. Mortgagor’s redemption prior to judicial sale
(a) The mortgagor is entitled to redeem the premises at any time prior to the public sale
by paying the full amount due under the judgment order and such other amounts, including
costs and expenses of sale, accruing postjudgment as agreed upon by the mortgagor
and mortgagee or ordered by the court.
(b) Upon agreement of the parties, the mortgagor may redeem the premises at any time prior
to the public sale by paying less than the full amount due under the judgment order.
In such case, the parties to the foreclosure shall, with court approval, amend the
redemption amount. Upon payment of the amended redemption amount, the court shall
issue a Supervening Certificate of Redemption as evidence that the judgment amount
was redeemed. Upon the recording of a certified copy of the Supervening Certificate
of Redemption in the land records, the foreclosed mortgage shall be of no further
force or effect and any junior lienholder shall return to the position it held prior
to the filing of the foreclosure.
(c) The redemption right established by this section shall be in addition to the redemption
right set forth in the decree. (Added 2011, No. 102 (Adj. Sess.), § 1.)