Connecticut § 49-30q Modification of underwater mortgage.

Connecticut Statutes

§ 49-30q — Modification of underwater mortgage.

Connecticut·Title 49 Mortgages and Liens·Ch. 846 Mortgages

Notwithstanding any provision of the general statutes, any underwater mortgage on residential real property may be modified, and the principal balance increased by the amount of accrued interest, fees and costs allowed by law, without the consent of the holders of junior liens and without loss of priority for the full amount of the modified mortgage, provided such modification is approved by the court through entry of a judgment of loss mitigation under section 49-30t.

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Notwithstanding any provision of the general statutes, any underwater mortgage on residential real property may be modified, and the principal balance increased by the amount of accrued interest, fees and costs allowed by law, without the consent of the holders of junior liens and without loss of priority for the full amount of the modified mortgage, provided such modification is approved by the court through entry of a judgment of loss mitigation under section 49-30t.

Connecticut § 49-30q (Modification of underwater mortgage.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.