Diserio Martin O'Connor & Castiglioni LLP

DMOC Wins Deficiency Judgment in Excess of $17,000,000 After Trials in Connection with the Foreclosure of Two Connecticut Hotel Projects

December 3, 2013

Richard E. Castiglioni obtained Deficiency Judgments for his lending clients in excess of $17,000,000 against two hotel developers and the guarantor in the Complex Litigation Court in Hartford.  DMOC's client obtained title after a contested foreclosure case on both hotel properties.  Thereafter, DMOC sought and obtained Deficiency Judgments totaling $17,229,444 plus continuing interest until paid against the owners and mortgage guarantors.  In addition, the Court further ordered  that interest will continue to accrue on the Judgments until paid.