Foreclosure Relief in Shelton

The high cost of housing and overall living expenses in Fairfield County has threatened many Shelton homeowners seeking financial relief. Despite years of false promises from federal government programs and bank bailouts, the economy continues to overwhelm homeowners causing record numbers of homes lost to Shelton foreclosures. If you’re having difficulty maintaining monthly mortgage payments or have ever fallen behind on your mortgage, you need to educate yourself and learn your legal options. Our Shelton foreclosure relief and Chapter 13 attorneys have solved financial problems for Connecticut residents since 1983 through customized proven plans for success.

 

If you’re facing financial hardship or mortgage foreclosure, contact a dedicated foreclosure relief attorney at our Bridgeport or Hamden office. Attorney Neil Crane has a statewide reputation for hard work, compassion and success. To speak with Attorney Neil Crane directly, contact us at 203-230-2233 or toll free at 1-888-249-3027, or fill out our online Contact Form and I’ll promptly contact you back. First calls are scary, but they are the first step in every success. We offer a free in-depth initial consultation to fully review your specific financial picture.

Our law firm customizes all legal work to meet and address your specific difficulties. We’ve helped a broad range of Shelton clients with professionally crafted debt relief options. We offer:

Mortgage Mediation Mediation is mandatory for all Shelton residents in a pending foreclosure. With proper preparation and good court presentation, the state ordered mediation process can be used to resolve past due payments and adjust monthly interest rates.

Chapter 7 This process allows for the orderly elimination of all forms of general unsecured debt like credit cards, medical bills and lawsuits. Long term financial success and affordable housing often starts with the elimination of all other forms of debt or lawsuits in order to focus your resources on more important bills like housing expenses and mortgages.

Chapter 13 This court process puts an automatic stay on foreclosures and any other collection efforts, while prioritizing mortgage payments and reducing or eliminating other types of debt.

Proven Foreclosure Relief Solutions for Shelton Residents Since 1983

Through hard work, dedication and experience, we develop personalized Chapter 13 solutions. Despite the constant delay of banks and failed government promises, we’ve continued to save Shelton homes from foreclosure and provide permanent financial solutions.

Even if All Else has Failed to Date, Chapter 13 Provides:

  • Immediate halt to foreclosure
  • An automatic stay on all collection actions
  • Unsecured debt relief
  • Mortgage Repayment Terms over 3-5 years
  • Removal of Tax Liens and Levies
  • Full Asset Protection
  • Second Mortgage Removal

We offer successful, well-developed Chapter 13 solutions based on thirty years of proven legal knowledge.

Contact us by telephone and speak directly with Attorney Neil Crane at 203-230-2233, or toll free at 1-888-249-3027, or fill out our Contact Form online and I’ll contact you back for a discussion of your financial concerns.

Shelton Foreclosure Increases and Real Estate Price Decreases

The high cost of housing in Fairfield County has pushed foreclosure rates steadily high for all of 2009 through 2011 with a rate that has continued high into the end of 2012 and into the new year. Foreclosures have averaged approximately 200 per year for the past four years, despite the state’s mandatory foreclosure mediation process. Still, approximately over 1,000 homes have gone into foreclosure in the past six years.

Shelton Estate Market Statistics Through December 2016:

  2012 2013 2014 2015 2016 5 Year Change
No. of Sales 392 495 470 587 617 (57.4%)
Median Price 280k 293.5k 303.2k+ 295k 306K (+9.5%)
Foreclosures 186 217 211 126 119 (-36%)

Shelton Lost Homes due to Foreclosure Statistics through December 2016:

  2012 2013 2014 2015 2016 5 Year Change
Homes Lost
(Forecl. Sale)
11 7 24 28 41 (+272.7%)
Homes Lost
(Strict Forecl.)
21 36 51 38 38 (+81%)

The number of Shelton home sales and the average price of Shelton homes has gone from a high point in 2007 to their lowest point in 2011. The number of homes in 2007 was a high of 705, with the lowest sales numbers in 2011 at an annual rate of 366 for a decrease of 339 sales per year or a decline of just over 45% in five years. The average price of a Shelton home was at an all time high of $352,000 in 2007 and an all time low of 288,000 in 2011, for a decline of 64,000 or approximately 18%. Numbers for sales and value have continued at the low 2011 rate for 2012 and into the new year.

Shelton Bankruptcy Courts and State Court Foreclosure

Bankruptcy Courts

If you live in Shelton and you need bankruptcy assistance, your case would be filed in the Bridgeport District of Federal Court.

Your First Meeting of Creditors would be held at one of the following locations:

  • 157 Church Street, New Haven, CT 06510 (Chapter 7 cases)
  • 915 LaFayette Boulevard, Bridgeport, 06604 (Chapter 13 cases)

Foreclosure Courts

If you live in Shelton and have a lawsuit pending against you or a foreclosure on your Shelton property, you would appear in the Ansonia/Milford court system located at 14 West River Street, Milford, CT.

Town Clerk: Margaret Domorod
54 Hill Street, Shelton, CT 06484 Phone: 203-924-1555

Proven Foreclosure Relief Solutions for Shelton Residents at the Law Offices of Neil Crane

Despite the high number of foreclosures in Shelton, our office has continued to save homes through mortgage mediation and Chapter 13 solutions. Our knowledge, experience and dedication has proven successful over nearly 30 years of helping Connecticut residents with overwhelming financial problems.

Contact Us – Speak directly to Attorney Neil Crane by calling us at 203-230-2233 or toll free at 1-888-249-3027, or complete our online Contact Form, and I’ll call you promptly to discuss your problem and offer you a free initial consultation.