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Notice
Regarding Revisions to Foreclosure
Standing Orders and Forms
FORECLOSURE FORM
CHANGES
RE CONVEYANCE TAX, ADVERTISING
The State of
Connecticut has made foreclosure sales subject to the State and
municipal conveyance taxes effective January 1, 2010. House
Bill 6802 June Special Session, Public Act 09-3.
To provide for
the payment of the conveyance taxes, various foreclosure forms
have been amended to include language regarding the conveyance
taxes. The following forms have been amended and must be used
beginning January 1, 2010:
JD-CV-79
Foreclosure By Sale Standing
Orders
JD-CV-80
Foreclosure By Sale Fact Sheet – Notice to Bidders
JD-CV-81
Uniform Procedures for Foreclosure By Sale Matters Instructions
to Committee
JD-CV-88
Sales Agreement – Foreclosure
JD-CV-97
Foreclosure Return of Sale – No Proceeds
JD-CV-98
Foreclosure Return of Sale – With Proceeds
JD-CV-99
Foreclosure/Motion for Approval of Committee Sale, Approval of
Committee Deed, Acceptance of Committee Report, Allowance of
Fees and Expenses, Allowance of Appraiser’s Fees.
The payment of
the conveyance taxes will be as follows:
At the closing,
the successful bidder must provide the Committee with a
certified or bank check, payable to the Clerk of the Superior
Court, for the balance of the purchase price less the sum of the
amounts due the Commissioner of Revenue Services for the State
Conveyance tax and the municipal conveyance tax. At the
closing, the successful bidder must provide the Committee with
photocopies of the checks for the payment of the State
conveyance tax and the municipal conveyance tax. In addition,
the successful bidder must record the committee deed and pay the
conveyance taxes within 30 days of the closing.
With regard to
foreclosure advertising, the Standing Orders have been amended
to clarify the dates the advertisement is to run on the judicial
website and the newspapers to be used in each Judicial
District. “Beginning, February 1, 2010, the committee must post
the ad on the judicial website after the bar date with the
notice to run from ten (10) days after the bar date until the
day after the sale date. In addition, an advertisement is to be
placed in a newspaper on two (2) separate dates in accordance
with the list of newspapers and publication dates, unless
otherwise ordered by the court.”
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