Sec. 49-17. Foreclosure by owner of debt without legal title.
101 words·~1 min read·
/ct/title-49/chapter-846-mortgages/49-17·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
When any mortgage is foreclosed by the person entitled to receive the money secured thereby but to whom the legal title to the mortgaged premises has never been conveyed, the title to such premises shall, upon the expiration of the time limited for redemption and on failure of redemption, vest in him in the same manner and to the same extent as such title would have vested in the mortgagee if he had foreclosed, provided the person so foreclosing shall forthwith cause the decree of foreclosure to be recorded in the land records in the town in which the land lies.