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. § 4953)
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§ 4953. Conduct and location of sale
(a) Location. The sale shall be held at the mortgaged property unless another place for sale is
directed by the court. At the sale, the mortgaged property shall be sold to the highest
bidder in conformance with the terms of sale set forth in the notice of sale.
(b) Adjournments. The public sale may be adjourned one or more times for a total time not exceeding
30 days, without further court order, and without publication or service of a new
notice of sale, by announcement of the new sale date to those present at each adjournment
or by posting notice of the adjournment in a conspicuous place at the location of
the sale. Notice of the new sale date shall also be sent by first class mail, postage
prepaid, to the mortgagor at the mortgagor’s last known address at least five days
before the new sale date. The public sale may be adjourned for a period of time in
excess of 30 days by agreement of the mortgagor and mortgagee or by order of the court.
(c) Permitted bidders. Any person may bid at the sale. All bidders, except for the mortgagee plaintiff or
designee, shall meet the requirements set forth in the notice of sale in order to
bid at the sale. (Added 2011, No. 102 (Adj. Sess.), § 1.)