Can the Lender Still Come After You? Deficiency Judgments in Connecticut
If a foreclosure does not cover the loan, a Connecticut lender may ask the court for a deficiency judgment. Here is how that works and how selling first can avoid it.
See Your MAX Offer
Start with the address. A CT MAX buyer calls you back, and your written number follows the walk-through.
How it works
After a strict foreclosure, a lender that wants the shortfall generally must file a motion within a short window after title passes, and the court decides the property’s value. After a foreclosure by sale, the deficiency is measured against the sale price. The rules are technical; your attorney should review your case.
How to avoid one
- Sell for enough to pay the loan in full
- Negotiate a written waiver in a short sale or deed in lieu
- Get legal advice early
Where CT MAX fits
A sale that pays off the loan leaves nothing to chase.
Common questions
Does every lender pursue deficiencies?
No, but some do. Do not assume.
Can bankruptcy affect it?
Yes. Ask a bankruptcy attorney.
Is a waiver enforceable?
Get it in writing from the lender.
General information only, not legal advice. Deadlines in your case come from the court. Talk with a Connecticut attorney.
From first call to cash in hand
- Day 1
Share the address
Call, text or use the form. We ask a few questions about the house and your deadline.
- Day 2–3
One walk-through
A CT MAX buyer sees the house once. No cleaning, no repairs, no open houses.
- Within 24 hrs of the visit
Your MAX Offer in writing
A firm cash number with no commission taken out. Take it, counter it or walk away.
- The date you pick
Attorney closing
A Connecticut closing attorney pays off the liens and hands you the balance.
Deadline coming up?
Get a written MAX Offer before the law day. Saying no costs nothing.