The plain and unambiguous language of Connecticut General Statutes §49-1 provides that once a plaintiff mortgagee obtains the subject property by strict foreclosure, it is barred from taking further action to collect on the debt, not only against the borrower but against any persons who may be liable for the debt, including a guarantor.
JP Morgan Chase Bank, N.A. v. Winthrop Properties, LLC
Connecticut Appellate Court
September 3, 2012
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