Mortgage foreclosure surplus
12 V.S.A. § 4954(c) governs judicial-sale distribution and § 4966(e) governs nonjudicial-sale distribution, with junior lienholders paid by priority and then remaining excess to the mortgagor. Neither section sets a fixed initial mortgagor surplus deadline. In a judicial case, respond to the sale report and confirmation proceeding; in a nonjudicial sale, seek payment promptly. Property-redemption periods are separate.
