Connecticut § 49-24b Agreement to pursue foreclosure by market sale.

Connecticut Statutes

§ 49-24b — Agreement to pursue foreclosure by market sale.

Connecticut § 49-24b

Title 49Mortgages and Liens

Ch. 846Mortgages

This text of Connecticut § 49-24b (Agreement to pursue foreclosure by market sale.) is published on Counsel Stack Legal Research, covering Connecticut primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Conn. Gen. Stat. § 49-24b (2026).

Text

A mortgagor and a mortgagee may agree, by mutual consent, to pursue a foreclosure by market sale pursuant to sections 49-24b to 49-24g, inclusive. Nothing herein shall be construed as requiring either the mortgagor or mortgagee to pursue a foreclosure by market sale or to consider a foreclosure by market sale in foreclosure mediation. Failure of either party to consent to a foreclosure by market sale for any reason shall not be a basis for a claim of bad faith.

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A mortgagor and a mortgagee may agree, by mutual consent, to pursue a foreclosure by market sale pursuant to sections 49-24b to 49-24g, inclusive. Nothing herein shall be construed as requiring either the mortgagor or mortgagee to pursue a foreclosure by market sale or to consider a foreclosure by market sale in foreclosure mediation. Failure of either party to consent to a foreclosure by market sale for any reason shall not be a basis for a claim of bad faith.

Legislative History

(P.A. 14-84, S. 3; 14-217, S. 207, 249; P.A. 16-65, S. 81.) History: P.A. 14-217 changed effective date of P.A. 14-84, S. 3, from October 1, 2014, to January 1, 2015, effective June 13, 2014, and amended Subsec. (a) to change “October 1, 2014” to “January 1, 2015”, effective January 1, 2015; P.A. 16-65 replaced former provisions with provisions re agreement to pursue foreclosure by market sale.