Town of Monroe v. 837 Main Street Corp.
Connecticut Superior Court
1Opinion of the CourtStevens, J.
This is a foreclosure action instituted by the plaintiff, the town of Monroe, seeking to foreclose on property owned by the named defendant, 837 Main Street Corporation, in order to satisfy unpaid tax liens. The defendant Federal Deposit Insurance Corporation (FDIC), acting as receiver for Mechanics and Farmers Savings Bank, holds a mortgage on the property.
The court has issued a preliminary order granting foreclosure by sale and has scheduled a sale date in September, 1997. A remaining dispute between the plaintiff and the FDIC is whether the 18 percent interest that the plaintiff is…
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