Mortgage foreclosure surplus

Conn. Gen. Stat. §§ 49-24 and 49-27 govern foreclosure by sale and disposal of its proceeds. The sale proceeds are brought into Superior Court and distributed under a supplemental judgment identifying entitled parties. Section 49-14 concerns deficiency judgments, not surplus distribution; strict foreclosure normally has no sale proceeds. Section 49-27 sets no universal number of days to submit a mortgage-sale surplus claim. A person asserting entitlement should appear in the foreclosure-by-sale case before the court enters its supplemental judgment. Strict foreclosure instead uses court-set law days for redemption; those are not surplus-claim deadlines.

Tax sale surplus

Conn. Gen. Stat. § 12-157(i) governs excess funds from a municipal tax sale, including escrow, payment into Superior Court after redemption expires, notice, claims, and escheat. Sections 12-181 and 12-182 are not the operative claim provisions for this tax-sale overage. After the redemption period, the tax collector pays the remaining excess into court and gives notice. The taxpayer or a qualifying recorded interest holder may apply to the court within 90 days after that payment (§ 12-157(i)(2)). The ordinary property-redemption period is six months after sale, but may be 60 days for abandoned property or qualifying local ordinance (§ 12-157(f)); it is separate from the excess-funds claim period.

Unclaimed funds

Connecticut abandoned-property law is Conn. Gen. Stat. Title 3, Chapter 32, Part III, especially § 3-70a for claims to property surrendered to the Treasurer. An owner may claim surrendered property or its sale proceeds at any time under § 3-70a(a). The Treasurer must consider a filed claim within 90 days under § 3-70a(b).

Statute text

Links to the statutes referenced in our research. These may be third-party copies of older code editions, so check the current official code before relying on them.

• Tax sale surplus statute
• Mortgage foreclosure statute