Second Quarter Lost Homes Increase
Connecticut Bankruptcy Law Blog
2nd Quarter 2018 Ansonia Lost Home To Foreclosures Remain Unacceptably High
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.
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.
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.
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.
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.
Homes Lost In Foreclosure Increase Over 2016 2nd Quarter Rates
New foreclosures in Stamford dropped just over 15% from rates in 2016 with 78 new foreclosures in the third quarter of 2017. Of higher importance was the increase in foreclosure sales of 38 homes lost in just 90 days.
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.
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.