New foreclosures decreased significantly in Bridgeport for the first quarter of 2017- down 37.7% from 371 in the first quarter of 2016. Nonetheless, there were still 231 new foreclosures brought in the first 90 days of 2017, a rate of more than 2.5 new foreclosures in Bridgeport each day. Homeowners in Bridgeport are still not solving fixable foreclosures.
2016 Bridgeport foreclosure rates decreased by 31% from 2015 with rates down 50% from the record numbers of 2012-2014. Nonetheless, nearly 1300 homes went into foreclosure in Bridgeport in calendar year 2016 – more than 3 homes per day. Over 600 homeowners lost their homes to foreclosure in 2016 alone.
Branford foreclosure rates and homes lost in the first 90 days of 2017 increased over the first quarter of 2016. With 42 new foreclosures in the first quarter of 2017, Branford saw a 10% increase in foreclosures over last year’s first quarter. Homes actually lost in the foreclosure process also increased from last year’s first quarter. Branford homeowners continue to lose savable homes despite low interest rates and legal solutions.
The annual number of homes lost to strict foreclosures and foreclosure sales reached a five year record high in Branford with 56 homes lost to foreclosure in 2016. Branford homeowners lost savable homes in record numbers in 2017. This means that homeowners in foreclosure proceedings are failing to obtain solutions in the state foreclosure courts in record numbers despite mandatory foreclosure mediation. For a variety of reasons, the state mediation program is not producing successful home retention for Branford residents in trouble:
Foreclosure rates in Ansonia, CT remained at last year’s high levels for the first quarter of 2017 with 22 new foreclosures as compared to 23 foreclosures commenced in the same 90 day period in 2016. Ansonia continues to be plagued by an excessively high foreclosure rate that has remained unresolved by the state foreclosure mediation program. Ansonia homeowners in foreclosure continue to lose savable homes. Get help and stop foreclosure.
Following a significant fall in foreclosure rates in Ansonia, CT in 2015, the calendar year 2016 saw a 17% increase in yearly foreclosures with a total of 87 homes entering foreclosure in Ansonia in 2016. Overall, homes lost to foreclosure also increased significantly in 2016 compared to 2015 with a total of 76 homes lost. Foreclosure auctions increased 287% with 62 Ansonia homes sold by foreclosure sale in 2016 – the highest rate in nearly all of the last 5 years. Ansonia homeowners are losing fixable foreclosures despite solid options that truly save homes.