Conn. Gen. Stat. § 49-24

Current with legislation from the 2024 Regular and Special Sessions.

Section 49-24 - Court may foreclose lien or mortgage on land by sale or market sale

All liens and mortgages affecting real property may, on the written motion of any party to any suit relating thereto, be foreclosed (1) by a decree of sale instead of a strict foreclosure at the discretion of the court before which the foreclosure proceedings are pending, or (2) with respect to mortgages, as defined in section 49-24a, that are a first mortgage against the property, by a judgment of foreclosure by market sale upon the written motion of the mortgagee, as defined in section 49-24a, and with consent of the mortgagor, as defined in section 49-24a, in accordance with sections 49-24a to 49-24g, inclusive, and sections 49-26 to 49-28, inclusive.

Conn. Gen. Stat. § 49-24

(1949 Rev., S. 7205; P.A. 14-84, S. 1; 14-217, S. 207; P.A. 16-65, S. 83.)

Amended by P.A. 16-0065, S. 83 of the Connecticut Acts of the 2016 Regular Session, eff. 10/1/2016.

Amended by P.A. 14-0217, S. 207 of the Connecticut Acts of the 2014 Regular Session, eff. 6/13/2014.

Amended by P.A. 14-0084, S. 1 of the Connecticut Acts of the 2014 Regular Session, eff. 1/1/2015.

Nature of sale. 98 C. 152. Procedure where one of two mortgages foreclosed is invalid in part. 103 C. 743. Whether foreclosure by sale will be ordered rests in discretion of court; refusal to order held proper. 108 C. 30. Remedy of second mortgagee order of sale and not apportionment. 119 C. 455. Cited. 179 C. 232; 196 Conn. 172; 199 Conn. 368. Cited. 11 CA 53; 13 CA 239; 21 CA 275; 23 CA 192; 35 Conn.App. 81. In the absence of motion requesting foreclosure by sale, court did not err in ordering strict foreclosure; in Connecticut, strict foreclosure is the rule, foreclosure by sale the exception. 121 CA 554. Cited. 25 Conn.Supp. 516.