Connecticut § 49-24c Appraisal of property in foreclosure by market sale.

Connecticut Statutes

§ 49-24c — Appraisal of property in foreclosure by market sale.

Connecticut § 49-24c

Title 49Mortgages and Liens

Ch. 846Mortgages

This text of Connecticut § 49-24c (Appraisal of property in 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. § 49-24c (2026).

Text

If a mortgagee and mortgagor both elect, pursuant to section 49-24b, to proceed with further discussions about the possibility of pursuing a mutually acceptable foreclosure by market sale, the mortgagee shall cause a written appraisal of the fair market value of the residential real property to be performed by an appraiser licensed under chapter 400g. The mortgagor shall, promptly upon request, permit such appraiser access at reasonable times to the interior and exterior of the residential real property for the sole purpose of gathering facts necessary to perform the appraisal assignment. Nothing in this section shall be construed as requiring either the mortgagor or the mortgagee to proceed with further discussions.

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If a mortgagee and mortgagor both elect, pursuant to section 49-24b, to proceed with further discussions about the possibility of pursuing a mutually acceptable foreclosure by market sale, the mortgagee shall cause a written appraisal of the fair market value of the residential real property to be performed by an appraiser licensed under chapter 400g. The mortgagor shall, promptly upon request, permit such appraiser access at reasonable times to the interior and exterior of the residential real property for the sole purpose of gathering facts necessary to perform the appraisal assignment. Nothing in this section shall be construed as requiring either the mortgagor or the mortgagee to proceed with further discussions.

Legislative History

(P.A. 14-84, S. 4; 14-217, S. 207.) History: P.A. 14-217 changed effective date of P.A. 14-84, S. 4, from October 1, 2014, to January 1, 2015, effective June 13, 2014.