DRAFT FOR ATTORNEY REVIEW — NOT FINAL

Beal Bank, S.S.B. v. Airport Industrial Ltd. Partnership, 74 Conn. App. 460 (2003)

Citation
Beal Bank, S.S.B. v. Airport Industrial Ltd. Partnership, 74 Conn. App. 460 (2003)
Parent Document
Beal Bank, S.S.B. v. Airport Industrial Ltd. Partnership, 74 Conn. App. 460 (2003)
Jurisdiction
Connecticut (state)
Effective Date
2003-01-07
Original Source
https://www.courtlistener.com/opinion/7911981/beal-bank-ssb-v-airport-industr... ↗

Other Sections in This Document (15)

Full Text

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The following facts and procedural history are relevant to our resolution of the defendants’ appeal. The plaintiff is the assignee of a mortgage, note, assignment of rents and UCC-1 financing statement (loan documents) relating to a commercial construction loan given to the defendants in the original amount of $5,360,00o.1 On August 7, 2000, following the defendants’ default on the loan, the plaintiff commenced this mortgage foreclosure action against the defendants. On October 3, 2000, the court rendered a judgment of strict foreclosure pursuant to a stipulation of the parties. On October 6, 2000, title to the commercial property, which is located in East Granby, vested in the plaintiff.2 Thereafter, the plaintiff filed a motion for a deficiency judgment, which the court denied.