DocketNumber: No. CV99 0169865
Judges: RODRIGUEZ, JUDGE.
Filed Date: 10/14/1999
Status: Non-Precedential
Modified Date: 4/17/2021
FIRST SPECIAL DEFENSE
The defendant alleges that the plaintiff does not have standing to bring a foreclosure action because the plaintiff is not the owner of the mortgage note. The plaintiff argues that it need not be the owner of the mortgage note, but that ownership of the mortgage is sufficient to confer standing.
"[T]he mortgagee has two interests: (1) the debt or obligation which is owed to him, and (2) the security interest in land represented by the mortgage. . . . [T]he primary interest is the personalty debt obligation. The interest in land which is available in case security is necessary because of the debtor's default is considered a collateral interest. . . . Where the mortgagee has ``transferred' only the mortgage, the transaction is a nullity and his ``assignee,' having received no interest in the underlying debt or obligation, has a worthless piece of paper." 4 Powell on Real Property, § 37.27(2), p. 37-178 (1997); see alsoSecond National Bank of New Haven v. Dyer,
The plaintiff relies upon Connecticut Bank Trust Co. v.Katske,
SECOND SPECIAL DEFENSE
The defendant alleges that the mortgage deed is defective because it was not properly witnessed nor acknowledged. Special Act 1997, No. 97-6 provides in pertinent part: "No . . . mortgage . . . shall be deemed invalid, because any such . . . mortgage . . . [w]as not acknowledged or was improperly acknowledged . . . [nor] [w]as attested by one witness only or by no witnesses. . . ." Accordingly, the defendant's second special defense does not state a valid defense and is stricken by the court.
THIRD SPECIAL DEFENSE
The defendant alleges that the plaintiff failed to give proper notice to the defendant as required by the mortgage deed. The mortgage deed provides that the plaintiff "shall" give notice to the defendant prior to acceleration of the debt. Proper notice, therefore, was a mandatory condition precedent to an action for foreclosure. See Citicorp Mortgage, Inc. v. Porto,
So Ordered.
RODRIGUEZ, J.