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Searching 2021-2022 Session

The Vermont Statutes Online

 

Title 12 : Court Procedure

Chapter 172 : FORECLOSURE OF MORTGAGES

Subchapter 004 : Foreclosure by Nonjudicial Sale

(Cite as: 12 V.S.A. § 4970)
  • § 4970. Form and effect of foreclosure deed

    (a) The foreclosure deed shall be in substantially the following form:

    ____________ of ____________ County, ______________________ State of _________________, holder of a mortgage from ________ to ________ dated ____________, recorded in ________ Book________ at Page ________ of the Town of __________________ Land Records, by the power conferred by said mortgage and every other power, for ____dollars paid, grant to ____________, (complete mailing address) ____________, of _______________ Street, Town (City) of ___________, ____________ County, State of  ______________, the premises conveyed by said mortgage.

    (Here add acknowledgment)

    (b) A deed substantially in the form set forth in subsection (a) of this section shall, when duly executed and delivered, have the force and effect of a deed in fee simple to the grantee, heirs, successors, and assigns, to their own use, with covenants on the part of the mortgagee, for himself or herself, that, at the time of the delivery of such deed, the mortgagee was duly authorized to make sale of the mortgaged property; that in all of the mortgagee's proceedings in the sale thereof, the mortgagee has complied with the requirements of this subchapter; and that the mortgagee will warrant and defend the same to the grantee, heirs, successors, and assigns against the lawful claims of all persons claiming by, from, or under him or her. (Added 2011, No. 102 (Adj. Sess.), § 1.)