Connecticut Bankruptcy Law Blog

FAILING FORECLOSURE MEDIATIONS IN WINDSOR, CT IN 2017

The first quarter of 2017 saw a large increase in foreclosures in Windsor, CT as home foreclosures rose 33% over rates found in the first quarter of 2016 with 44 new foreclosures commenced in the first 90 days of 2017. Savable Windsor homes continue to be lost to foreclosure. Homes lost to the foreclosure process increased as the insufficient options provided by the state's foreclosure mediation process failed to provide homeowners with the answers needed to prevent home loss to foreclosure.

FORECLOSURE RATES AND LOST FORECLOSURES FIRST QUARTER 2017, WEST HAVEN, CT

First quarter 2017 foreclosure rates in West Haven fell just over 20% from last year’s first quarter rates with 92 new foreclosures in 2016 and 73 new foreclosures in the first 90 days of 2017. Homes lost to foreclosure continued the rise seen in 2016 when 136 homes were lost to strict foreclosures and foreclosure auctions. Savable West Haven homes continue to be lost in foreclosure mediation. The loss of 36 homes in the first quarter of 2017 represents a 44% increase from the first quarter of 2016.

FIRST QUARTER 2017 FORECLOSURE MEDIATION RATES IN SHELTON, CT

Following a record foreclosure year in 2016, homes lost to foreclosure in the first quarter in Shelton for 2017 continued on pace with 2016. As mediation solutions failed to help Shelton homeowners in foreclosure, Shelton residents fail to retain savable homes. Homes lost to foreclosure remained at unacceptably high levels.

FORECLOSURE RATES, MIDDLETOWN, CT FIRST QUARTER 2017

While foreclosure rates in the first quarter of 2017 fell from the record rates of the first quarter of 2016, first quarter foreclosure rates in 2017 were up over 21% from the rates of five years ago. With 89 new Middletown foreclosures in the past 90 days, nearly 1 house per day went into foreclosure in the first quarter of 2017. Middletown foreclosures are solvable.

FIRST QUARTER 2017 FORECLOSURE & FORECLOSURE MEDIATION RESULTS IN MERIDEN, CT

With one of the highest foreclosure rates in Connecticut, Meriden homeowners finally saw a 21% decrease in the first quarter of 2017 with 79 new foreclosures in the first 90 days of 2017. With nearly one new foreclosure each day in Meriden in the first quarter of 2017, the decrease was a welcome respite but hardly great news with 61 homes lost in the foreclosure process to strict foreclosures and foreclosures by sale in just the 90 days of 2017.

Losing savable homes in Meriden, Connecticut 2017.

2016 HOME FORECLOSURE RATES CONTINUED IN MANCHESTER, CT IN THE FIRST QUARTER OF 2017

Following record 2016 foreclosure rates with over 200 new foreclosures and over 150 Manchester homes lost to foreclosure in 2016 alone, the first quarter of 2017 saw continued high numbers of new foreclosures and a large increase in homes lost to the foreclosure process. Manchester homeowners are losing savable homes. Despite the promises of help from mediators, 28 homes were lost in the first 90 days of 2017.

FORECLOSURES INCREASE IN FAIRFIELD, CT FOR FIRST QUARTER OF 2017

First quarter Fairfield foreclosure reached their highest rate in 3 years with 42 foreclosures in the first quarter of 2017 up over 55% from the same period in 2016. Homes lost in the foreclosure process also increased 100% with 20 homes lost in the first quarter of 2017 as compared to 10 homes in the first quarter of 2016. Fairfield residents are losing savable homes. Fairfield homeowners in trouble continue to struggle in the Bridgeport foreclosure mediation program.

FORECLOSURE MEDIATION & FORECLOSURE DEFENSE RATES FIRST QUARTER 2017, EAST HAVEN, CT

East Haven foreclosure rates fell significantly in the first quarter of 2017 with less than half the home foreclosures of 2016. Hopefully, this is the start of a new and positive trend for East Haven residents seeking to save their homes with some hope of rising property values. Stopping foreclosure and saving homes in East Haven, CT. With over 750 homes lost in foreclosure in East Haven in just the past 5 years, East Haven homeowners continue to lose their homes in the New Haven foreclosure courts with 38 homes lost in the first 90 days of 2017.

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