Sec. 49-30v. Nonentry of judgment of loss mitigation.
210 words·~1 min read·
/ct/title-49/chapter-846-mortgages/49-30v·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If the court does not enter a judgment of loss mitigation, then the modification or conveyance contemplated by the mortgagor and mortgagee under section 49-30q , 49-30r or 49-30s shall not be consummated. Nothing in this section shall be construed as prohibiting a consensual modification of a mortgage or conveyance from being consummated outside of the judicial process. In the event of such nonentry:
(1)The mortgagor may, if eligible, petition for inclusion in the Ezequiel Santiago Foreclosure Mediation Program established pursuant to section 49-31m , provided the mortgagor did not substantially contribute to the events leading to the nonentry or other circumstances resulting in the nonentry. In determining whether to grant such petition, the court shall give consideration to any testimony or affidavits the parties may submit in support of or in opposition to such petition. The court may grant such petition upon a determination that
(A)such petition is not motivated primarily by a desire to delay entry of a judgment of foreclosure, and
(B)it is highly probable the parties will reach an agreement through mediation; and
(2)The mortgagee shall have the right to request the entry of a judgment of foreclosure in accordance with the other provisions of law, including the provisions governing strict foreclosure.