Connecticut National Mortgage Co. v. Knudsen

In 1989, Connecticut National Mortgage Company brought this action seeking to foreclose a mortgage on a parcel of real property owned by Defendant. The trial court rendered a judgment of foreclosure in 1994. That judgment has been opened and modified several times over the years. In 2012, Wells Fargo Bank, N.A. was substituted as the plaintiff. On June 8 2015, the trial court entered a new judgment of strict foreclosure extending defendant’s law day to August 4, 2015. On June 18, 2015, the trial court denied Defendanat’s motion to vacate the new judgment. On June 26, 2015, Defendant filed an appeal. On January 13, 2016, the Appellate Court dismissed the appeal as moot. The Supreme Court reversed, holding that the June 8, 2015 judgment triggered an automatic stay and that the appellate stay prevented title from vesting in the plaintiff by operation of law when Defendant failed to exercise her right of redemption on August 4, 2015. Therefore, the case should not have been dismissed as moot. View "Connecticut National Mortgage Co. v. Knudsen" on Justia Law