New England Bank v. J. Galliot Builders, No. Cv89-0042342 (Jan. 14, 1991)

[EDITOR'S NOTE: This case is unpublished as indicated by the issuing court.] MEMORANDUM OF DECISION This action has been brought by the plaintiff claiming foreclosure of a construction mortgage it issued the defendant, James Galliot Builders, Inc. in the amount of $165,000,

FACTS FOUND

By deed dated September 14, 1987, the Defendant, James Galliot Builders, Inc. (hereinafter, Galliot) acquired title to a certain parcel of unimproved land known as Lot No. 45 CT Page 400 Mile Hill Road, Tolland Connecticut (the "premises") for the sum of $75,000.00. The purchase money was provided to Galliot by…