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Code · Connecticut · Title 49 — Mortgages and Liens · CHAPTER 846* — Mortgages

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

112 words·~1 min read·/ct/title-49/chapter-846-mortgages/49-24c·

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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.
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