Finance
Connecticut's strict foreclosure process differs from judicial foreclosure in other states because:
AThere is no court involvement in Connecticut foreclosures
BThe court sets a 'law day' by which the borrower must redeem the property; if not redeemed, title vests directly in the lender✓ Correct
CThe property is auctioned at a sheriff's sale and proceeds distributed to creditors
DThe borrower automatically receives a one-year right of redemption after the foreclosure sale
Explanation
In Connecticut's strict foreclosure, a court sets a 'law day.' If the borrower does not redeem the property by paying the full debt by the law day, title automatically vests in the lender without a public auction.
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