Substitute for Raised H.B. No. 5514
Session Year 2014
AN ACT CONCERNING AN OPTIONAL METHOD OF FORECLOSURE.
To establish an additional method of foreclosure that will support the Connecticut real estate market by selling residential properties at market prices, encourage potential purchasers eligible for first-time homebuyer and other special lending programs or who wish to perform due diligence concerning a purchase to purchase a residence in foreclosure, provide a measure of dignity to residential borrowers faced with the prospect of foreclosure, reduce deficiencies by providing a procedure for a market sale instead of a forced auction sale or lender possession of property prior to sale and provide a speedy method of concluding a foreclosure when the borrower and first mortgage lender agree on a sale.
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Co-sponsors of HB-5514
Rep. Jeffrey J. Berger, 73rd Dist.
Rep. John K. Hampton, 16th Dist.
Rep. Noreen S. Kokoruda, 101st Dist.
Rep. David Zoni, 81st Dist.
Rep. Robert C. Sampson, 80th Dist.
Rep. Bruce V. Morris, 140th Dist.
Rep. Theresa W. Conroy, 105th Dist.
Rep. Larry B. Butler, 72nd Dist.
Rep. Paul Davis, 117th Dist.
Rep. David A. Scribner, 107th Dist.
Rep. Anthony J. D'Amelio, 71st Dist.
Rep. Russell A. Morin, 28th Dist.
Rep. Stephen G. Walko, 150th Dist.
Rep. Brandon L. McGee, 5th Dist.
Rep. Brian Becker, 19th Dist.
Rep. John Shaban, 135th Dist.
Rep. Christopher A. Wright, 77th Dist.
Rep. David A. Baram, 15th Dist.
Rep. James Maroney, 119th Dist.
Rep. John H. Frey, 111th Dist.
Rep. Louis P. Esposito, 116th Dist.
Rep. Cecilia Buck-Taylor, 67th Dist.
Sen. Art Linares, 33rd Dist.
Rep. William Tong, 147th Dist.
Rep. Hilda E. Santiago, 84th Dist.
Rep. Dan Carter, 2nd Dist.
Rep. Mike Demicco, 21st Dist.
Sen. Catherine A. Osten, 19th Dist.
Sen. Joseph J. Crisco, 17th Dist.
Sen. Carlo Leone, 27th Dist.
Rep. Joe Diminico, 13th Dist.
Sen. John A. Kissel, 7th Dist.