Connecticut Bankruptcy Law Blog

WALLINGFORD, CT MORTAGE FORECLOSURE MEDIATION 2ND QUARTER 2017

Wallingford, CT Lost Homes Remain High in 2nd Quarter 2017

Wallingford, CT new foreclosures decreased in the second quarter of 2017 compared to the same 90 day period in 2016 with 31 new foreclosures down from 37 new foreclosures in the second quarter of 2016. Homes lost to foreclosure remained at very high rates of the past 5 years with 34 Wallingford homeowners losing their homes in just 90 days.

TRUMBULL FORECLOSURE RATES HIGHEST IN THREE YEARS FOR 3RD QUARTER 2017

2017 Foreclosure Rates in Trumbull Increase Over 2016

Trumbull, CT foreclosure rates increased over 50% with 31 new foreclosures in just 90 days in the third quarter of 2017 as compared with 20 foreclosures in the same third quarter of 2016. Homes lost to strict foreclosure also increased as homeowners continue to lose savable homes in the trap creased by self-representation in the Bridgeport foreclosure mediation snare.

TRUMBULL, CT 2ND QUARTER 2017 FORECLOSURES INCREASE

Foreclosures Up From 2017 – Down From 5 Years Ago

Trumbull, CT new foreclosures increased 23% from similar second quarter results in 2016 with 26 new foreclosures in the second quarter of 2017 up from 21 in the same period of 2016. Thirteen homes were lost by Trumbull homeowners in the same 90 days to strict foreclosures and foreclosures by sale.

TORRINGTON, CT 3RD QUARTER 2017 FORECLOSURE RATES

Third Quarter Lost Homes Continue Record High Rates

Torrington, CT third quarter 2017 foreclosure rates dropped from 3rd quarter rates in 2016 up slightly from 2015 with 32 new foreclosures in July-September 2017. Homes lost in the foreclosure process increased significantly to the highest rates in the last three years with 31 homes lost in just 90 days – an increase of 114% for strict foreclosures and 60% for foreclosures by sale.

TORRINGTON, CT FORECLOSURE RATES STEADY IN 2ND QUARTER OF 2017

Homes Lost In Foreclosure Increase Dramatically Over 2016

New foreclosures in Torrington remained steady compared with last year as 41 homes went into foreclosure compared with 45 in the same 90 day period of 2016. Homes lost in foreclosure skyrocketed in the second quarter of 2017 with 38 homes lost in just 3 months alone – more than one Torrington home lost in foreclosure every 3 days. This proves that foreclosure mediation without representation does not work.

SECOND QUARTER 2017 STAMFORD, CT FORECLOSURE RATES

Stamford, CT Foreclosures Remained High With 2016 Numbers

Despite discussions of recovery in Stamford, the foreclosure rates for the second quarter remained high, with numbers equal to the continued high rates of the past 5 years. Stamford foreclosures in 2016 totaled 424 for the full year with similar numbers of 117 in the first quarter of 2017 and 112 in the second quarter of 2017. This means more than one new foreclosure house in Stamford each day.

SOUTHINGTON, CT 3RD QUARTER 2017 FORECLOSURE NUMBERS RISE

First 3 Quarters of 2017 Show Increased Southington Mortgage Foreclosures

With an increase of 47% over the third quarter of 2016, the third quarter of 2017 showed an increase in foreclosures with 34 new foreclosures in the 90 day period from July-September 2017. Homes lost in foreclosure also increased compared to the same third quarter of 2016. Failure to save homes in foreclosure results from poor foreclosure mediation success and insufficient resources dedicated to making the foreclosure mediation process work to save homes.

SOUTHINGTON, CT FORECLOSURE RATES FOR THE 2ND QUARTER OF 2017

Southington Foreclosure Numbers Increase over 2nd Quarter 2016

Southington, CT new foreclosures in second quarter continued to increase over the second quarter numbers in the past three years. With 27 new foreclosures in the second quarter of 2017, nearly one home goes into foreclosure every three days. This was an increase of 12.5% over the Southington foreclosure rates in the second quarter of 2016. On a more positive note, homes lost to foreclosure decreased but still account for 20 homes in 3 months.

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