Vermont § 4949 - Mortgagor’s redemption prior to judicial sale

§ 4949. Mortgagor’s redemption prior to judicial sale

• (a) The mortgagor is entitled to redeem the premises at any time prior to the public sale
  by paying the full amount due under the judgment order and such other amounts, including
  costs and expenses of sale, accruing postjudgment as agreed upon by the mortgagor
  and mortgagee or ordered by the court. (b) Upon agreement of the parties, the mortgagor may redeem the premises at any time prior
  to the public sale by paying less than the full amount due under the judgment order.
  In such case, the parties to the foreclosure shall, with court approval, amend the
  redemption amount. Upon payment of the amended redemption amount, the court shall
  issue a Supervening Certificate of Redemption as evidence that the judgment amount
  was redeemed. Upon the recording of a certified copy of the Supervening Certificate
  of Redemption in the land records, the foreclosed mortgage shall be of no further
  force or effect and any junior lienholder shall return to the position it held prior
  to the filing of the foreclosure. (c) The redemption right established by this section shall be in addition to the redemption
  right set forth in the decree. (Added 2011, No. 102 (Adj. Sess.), § 1.)