Connecticut Seal

General Assembly

 

Proposed Bill No. 744

 

January Session, 2013

 

LCO No. 1657

   

Referred to Committee on JUDICIARY

 

Introduced by:

 

SEN. WELCH, 31st Dist.

 

AN ACT CONCERNING THE IMPLEMENTATION OF A MODERN METHOD OF FORECLOSURE.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

That section 49-24 of the general statutes be amended to provide the Superior Court with the authority to order the market sale of any real property containing a building or structure that is occupied or intended to be occupied by not more than four families.

Statement of Purpose:

To implement the use of market sales in foreclosure proceedings in order to promote a more efficient method for selling foreclosed properties.