New Britain foreclosure rates increased in 2016 by 31.4% over lower rates in 2015. Foreclosure rates were down from record highs in 2013 with 289 New Britain foreclosures in 2016 compared to a high of 443 New Britain foreclosures in 2013. Despite this, homes lost to foreclosure by sale in New Britain for 2016 rose 12.3% over 2015 rates and strict foreclosures increased over 125% with a total of more than 225 New Britain homes lost to foreclosure proceedings.
Connecticut Bankruptcy Law Blog
After two straight years of reduced foreclosure rates, the Bristol mortgage foreclosure rate increased 45% from 2015 to the end of 2016. 345 new foreclosures were commenced against Bristol homeowners in 2016 up from a record low of 238 foreclosures in 2015. This increased number of foreclosures actually exceeded the levels seen five years ago in 2011 when 330 Bristol homes went into foreclosure.