CTTaxGuide
URGENT:

Time is running out! 90 days left to claim your excess proceeds.

Claim Now

Connecticut Tax Sale Excess Proceeds Guide

Understanding your rights and options when your property is sold for unpaid taxes in Connecticut

Learn About the Process Claim Excess Proceeds

Do You Qualify for Excess Proceeds?

Answer these quick questions to see if you might be eligible to claim excess proceeds from your tax sale

1. Was your property sold at a tax sale in Connecticut?

Options to Save Your Home

Explore these financing alternatives to prevent a tax sale and keep your property

Cash-out Refinance

Replace your current mortgage with a new, larger loan and use the difference to pay your tax debt. Best for homeowners with significant equity and good credit.

  • Access large amounts of funds
  • Often lower interest rates than other options

Bankruptcy Protection

Filing for bankruptcy can temporarily stop a tax sale and allow you to create a repayment plan. Consider this as a last resort option.

  • Immediate protection through automatic stay
  • Structured payment plan possibility

Home Equity Line of Credit (HELOC)

Borrow against your home's equity with a flexible line of credit. Only pay interest on what you use to cover your tax debt.

  • Flexible borrowing and repayment
  • Interest only on amount used

Sell to an Investor

Quick sale option to investors who specialize in distressed properties. May offer cash and quick closing to resolve tax issues.

  • Fast resolution of tax debt
  • Potential for cash offer

Personal Loan

Unsecured loan based on your credit score and income. Quicker approval process but may have higher interest rates.

  • No collateral required
  • Quick application process

Family and Friends

Consider reaching out to loved ones for financial assistance. Create clear repayment terms to maintain relationships.

  • Potentially flexible terms
  • May offer lower or no interest

Important Considerations

  • Compare interest rates and terms carefully
  • Consider consulting a financial advisor
  • Act quickly to avoid additional fees and penalties

Success Stories

Real Connecticut homeowners who recovered their excess proceeds with our help

Success Story
Recovered: $78,450

The Johnsons, Hartford

"After our home was sold for taxes, we had no idea we were entitled to the excess funds. MCI guided us through the entire process and helped us recover over $78,000 that we would have otherwise lost."

Recovered in 67 days
Success Story
Recovered: $103,275

Eleanor Richardson, New Haven

"I was devastated when I lost my family home of 40 years to a tax sale. MCI not only explained my rights but helped me recover over $100,000 in excess proceeds that I never knew existed."

Recovered in 82 days
Start Your Success Story

Understanding Your Struggles

We recognize the emotional and financial challenges you're facing during this difficult time

Family Dealing with Tax Sale

"Every family deserves a chance to keep their home and maintain their dignity."

You're Not Alone

Many Connecticut homeowners face tax sale situations each year. The stress, anxiety, and uncertainty can feel overwhelming, but there are people and resources here to help.

More Than Just a House

We understand this is more than just a property – it's your home, filled with memories and dreams. The thought of losing it can be devastating.

Common Challenges You May Be Facing

Financial Pressure

Struggling to gather enough funds while watching interest and penalties accumulate

Time Pressure

Racing against deadlines while trying to explore all possible options

Emotional Toll

Dealing with stress, anxiety, and uncertainty about the future

Housing Uncertainty

Worrying about where to go if you lose your home

Complex Process

Navigating complicated legal procedures and paperwork

Family Impact

Protecting your family's stability and well-being

MCI Investment Solutions Can Help

Don't face this challenging situation alone. MCI Investment Solutions offers comprehensive support to help you navigate the tax sale process and protect your interests.

Legal Support to Stop the Sale

MCI works with experienced lawyers to help prevent the tax sale and protect your property.

Financial Solutions

Access potential loans or cash-out refinancing options through MCI's network of lenders.

Cash Offer Option

If other options aren't viable, MCI can provide a fair cash offer for your property.

Excess Proceeds Recovery

Even after the sale, MCI's lawyers can help recover excess proceeds at no cost to you - they cover all legal and filing fees!

Contact MCI Today Explore Options

Get Help Now

Our team is ready to help you explore all available options

860-393-0505

No fees unless we help you recover funds

Understanding the Tax Sale Process

The step-by-step process when your property faces a tax sale in Connecticut

Notice of Sale

Before your property is sold, the tax collector must notify you and others who have an interest in the property (like mortgage companies).

Notices will be:

  • Posted in a public place in town
  • Filed in town records
  • Sent to you by certified mail
  • Published in a local newspaper for three weeks

Time Before the Sale

Notices are sent out at least 9 weeks before the sale, giving you time to pay what you owe.

Important Timeframe

During this period, you can still prevent the sale by paying the full amount of taxes owed plus any interest, fees, and legal costs that have accumulated.

Auction

If the taxes remain unpaid, the town holds a public auction, where the property is sold to the highest bidder.

Bidding Process

Bidders must register and may be required to provide a deposit before participating in the auction.

Town Ownership

If no one bids enough to cover the taxes, the town can take ownership of the property.

What Happens After the Sale?

Understanding your rights and options after your property has been sold

Deed Transfer

The winning bidder gets a deed to the property, but it is not final for six months.

Redemption Period

You have a six-month redemption period to pay what you owe and get your home back.

Redemption Timeline: 6 months

Final Outcome

If you do not pay within the six-month redemption period, the sale is final, and you lose ownership of your home.

How to Redeem Your Property

1

Contact the Tax Collector

Reach out to your town's tax collector office to get an exact payoff amount.

2

Prepare Payment

You'll need to pay the full amount of taxes owed, plus interest, fees, and legal costs.

3

Submit Payment

Make the payment before the six-month redemption period expires.

4

Confirm Redemption

Get written confirmation that the redemption is complete and the tax sale has been canceled.

What Happens to Extra Money from the Sale?

Understanding excess proceeds and how to claim them

Excess Proceeds Illustration

What Are Excess Proceeds?

If your property sells for more than what you owed in taxes, fees, and costs, the extra money is called "excess proceeds." This money doesn't automatically go to the town or the buyer – it belongs to the property owner or other parties with legal interest in the property.

Important to Know

You must take action to claim these funds – they won't be sent to you automatically!

The Excess Proceeds Process

1

Funds Placed in Special Account

After your property is sold at auction, if there's money left over after paying the taxes and fees, it's placed in a special account held by the town.

2

90-Day Claim Period

You (or any other person with a legal interest in the property) have 90 days after the redemption period ends to apply in court to claim the extra money.

Mark your calendar: This deadline is strict!
3

Court Application Process

You must file an application with the Superior Court in the judicial district where the property is located. This is a legal proceeding that may require an attorney's assistance.

4

Unclaimed Funds

If no one claims the excess proceeds within the 90-day period, the town may use the funds to pay off any other taxes you owe.

The MCI Investment Solutions Advantage

Let MCI handle your excess proceeds claim with absolutely no risk or upfront costs to you. We're Connecticut's trusted partner in recovering your funds.

No Upfront Fees

We cover all legal fees, court costs, and filing expenses. You pay nothing out of pocket.

Contingency-Based

We only get paid if we successfully recover your funds. No recovery, absolutely no fee.

Professional legal team handles all paperwork and court proceedings
Regular updates on your claim's progress
Proven track record of successful recoveries
Start Your Claim Today

Contact Jon

Your Excess Proceeds Expert

860-393-0505
mciinvests@gmail.com

Don't wait - the deadline to claim your excess proceeds is limited. Contact us today for a free consultation.

Start Your Excess Proceeds Claim

* Required fields. We respect your privacy and will never share your information.

Thank You!

Your claim request has been submitted successfully. One of our excess proceeds specialists will contact you within 24 hours.

Reference #: CT-25051601

Resources & Assistance

Tools and information to help you navigate the tax sale process

Legal Assistance

Free or low-cost legal help may be available through these organizations:

  • Connecticut Legal Services
  • Greater Hartford Legal Aid
  • New Haven Legal Assistance
Find legal help near you

Government Resources

Official information and assistance from state agencies:

  • Connecticut Department of Revenue Services
  • Connecticut Judicial Branch
  • Office of the Attorney General
Access government resources

Estimate Your Property's Value

Use this calculator to get a rough estimate of your property's current market value. This can help you understand if there might be excess proceeds after a tax sale.

Frequently Asked Questions

Stay Informed

Subscribe to receive updates on tax laws and resources in Connecticut

We respect your privacy. Unsubscribe at any time.