New Britain Foreclosure Relief Lawyer

Financial problems are threatening hardworking families in New Britain, CT and throughout all of Connecticut. Homeowners in New Britain are falling behind on their mortgages in record numbers. The federal government has continued to make hollow promises since 2008 without providing true answers for homeowners. Banks refuse to care enough to pay attention and work meaningfully to modify mortgages for homeowners. The foreclosure courts in New Britain continue to process a backlog of old foreclosures and a wave of new foreclosures.

 

If you are facing financial hardship and mortgage foreclosure, get immediate advice from an experienced, dedicated New Britain, CT foreclosure relief attorney at the Law Offices of Neil Crane. Our firm has helped New Britain residents since 1983. Don’t get distracted or delayed by false problems and delay called "help for homeowners." False promises and delay by banks are the biggest cause of foreclosures and home loss throughout Connecticut.

Stop Foreclosure and Confront Debt Problems with Experienced Legal Counsel

Given the government's and the banks’ unwillingness to truly address the needs of struggling homeowners, you need experienced legal advocates to assure your success. Our firm has stopped thousands of foreclosures and effectively saved thousands of homes throughout Connecticut. We don’t rely on false promises from governments or banks, we use proven legal options, diligence and hard work to forge effective relief for our clients.

By customizing and immediately preparing thorough mediation proposals with well-developed plans for full household debt relief, we continue to serve the needs of New Britain residents since 1983.

Contact us by calling the Law Offices of Neil Crane for a FREE INITIAL CONSULTATION at 203-230-2233, or toll free at 1-888-249-3027, or complete our online Contact Form. When you call us you will have an opportunity to discuss your questions or concerns with an experienced bankruptcy attorney.

Proven Foreclosure Relief Solutions from The Law Offices Of Neil Crane

Chapter 13 bankruptcy cures mortgage defaults and stops foreclosure proceedings. The filing of a Chapter 13 bankruptcy produces an automatic stay that stops all collections on all types of debts, including foreclosures, lawsuits and tax levies. Chapter 13 prioritizes debt repayments toward your home while discharging other types of debt like credit cards, lawsuits and older taxes.

Chapter 13 provides comprehensive and immediate relief by granting:

After years of failed mortgage modification efforts by big banks and an years of false promises by the federal government, you need to promptly seek the legal advice you need and deserve.

We’ve provided intelligent, comprehensive overall financial, solutions through experience and sound legal advice to hundreds of New Britain families since 1983. Contact us today and speak with an attorney to review your financial problems by phone and through a FREE CONSULTATION. Contact us at 203-230-2233, or toll free at 1-888-249-3027, or complete our online Contact Form and Attorney Neil Crane will promptly call to discuss your specific financial questions and concerns.

New Britain Foreclosure Courts and Foreclosure Relief

Huge numbers of New Britain home foreclosures show that mortgage problems in New Britain are not being solved by under-motivated banks or a series of ineffective government programs. There have been nearly 2,500 foreclosures brought against New Britain homeowners in the five year period from 2007 to 2011. Of those foreclosures, over 50 % of the homes under foreclosure were eligible for mandatory mortgage mediation as single family homes and owner occupied condominiums. Nonetheless, despite mandatory mediation, New Britain homeowners have continued to struggle with an average of nearly 500 New Britain foreclosures each year from 2007 to 2011.

New Britain Foreclosure Rates and Home Prices

The number of annual real estate sales in New Britain has fallen consistently every year for the last five years beginning in 2007, with a high of 986 real estate sales in 2007 and ending in 2011 with a low of only 516 sales for the full year of 2011. The decrease in New Britain real estate sales from 2007 to 2011 was 470 sales, or a 47% sales decrease in New Britain real estate sales in the last five years. Sales continue to be low for 2012 and into the new year. The average price of a New Britain home in 2007 was $160,000, compared to an average price in 2011 of $122,500. This represents a decrease in New Britain home prices of $37,000 or a decrease of approximately 23% from 2007 to 2011.

Recent New Britain sales records in the latter half of 2012 show prices for one family houses down to an average of just $116,000, down another 5%.

New Britain Real Estate Market Statistics Through December 2016:

  2012 2013 2014 2015 2016 5 Year Change
No. of Sales 539 584 653 686 787 (+46%)
Median Price 120k 125k 125k 128k 133k (+10.8%)
Foreclosures 425 443 314 220 289 (-32%)

New Britain Lost Homes due to Foreclosure Statistics through December 2016:

  2012 2013 2014 2015 2016 5 Year Change
Homes Lost
(Forecl. Sale)
104 98 56 81 91 (-12.5%)
Homes Lost
(Strict Forecl.)
163 198 212 60 137 (-16%)

Records of New Britain home sales and foreclosure rates show that foreclosure rates were nearly equal to total yearly sales in 2009 and 2010. The ratio of New Britain real estate sales to foreclosures has been one of the highest in the entire State of Connecticut. From 2008 to 2011, there has been a total of just under 2,500 real estate sales with over 2,000 foreclosures commenced in the same period.

Unfortunately, this trend has continued in the second half of 2012 with a total of 315 real estate sales and nearly 200 New Britain foreclosures started in the same six month second half of 2012 in the New Britain foreclosure court.

New Britain Bankruptcy Courts and State Court Foreclosure

Bankruptcy Courts

If you live in New Britain and you need bankruptcy assistance, your case would be filed in the Hartford District of Federal Court, and your First Meeting of Creditors would be held in Hartford at 450 Main Street, Hartford, CT 06106 (Chapter 7 cases) and Hartford at 450 Main Street, Hartford, CT, 06106 (Chapter 13 cases).

Foreclosure Courts

If you live in New Britain and have a lawsuit pending against you or a foreclosure on your Windsor property, you would appear in the New Britain court system located at 20 Franklin Square, New Britain, CT.

Town Clerk: Peter J. DeNuzze
27 West Main Street #109, New Britain, CT 06051 Phone: 860-826-3344

New Britain Foreclosure Prevention Lawyers

New Britain homeowners have struggled with one of the highest foreclosure rates of all cities in Connecticut. Many are at risk to lose their homes without the real help needed from banks or a series of failed government programs. New Britain residents need to seek immediate help from experienced attorneys who know how to produce legal solutions for hardworking New Britain homeowners struggling to save their homes.

The Law Offices of Neil Crane - Helping New Britain Homeowners Since 1983.

Contact us for a free initial consultation by speaking directly with an experienced New Britain foreclosure relief attorney at 203-230-2233 or toll free at 1-888-249-3027, or complete our online Contact Form to get a prompt and comprehensive analysis in a free consultation at one of our convenient Connecticut offices.