May 2019

MERIDEN, CT FORECLOSURES STILL UNACCEPTABLY COMMON

Although the amount of foreclosures in Meriden’s fourth quarter of 2018 has decreased by 16% since the previous year, 51 homes still fell into the system in the 90-day period. Meriden foreclosure rates remain far too high despite seemingly promising drops between quarters all while the Meriden home sales dropped by 14% over the fourth quarter of 2017. Meriden residents must get educated and obtain specialized legal representation if they want to save their homes.

FORECLOSURES REMAIN STEADILY HIGH THROUGHOUT 2018 IN MANCHESTER, CT

The amount of foreclosures in Manchester has remained steadily high throughout the course of the 2018 year. Too many homes are falling into foreclosure, being scheduled for sale by foreclosure, and ultimately being entirely lost to foreclosure in Manchester. It is clear that Manchester homeowners need more effective solutions.

Prompt and experienced legal representation is necessary in saving homes from foreclosure.

COST OF HOMES STEADILY INCREASE WHILE AMOUNT OF FORECLOSURES FOLLOW SUIT IN HARTFORD, CT

The amount of foreclosures in Hartford’s final quarter of 2018 has increased by 30% from the last quarter of the previous year. This number dipped between the final quarters of 2016 and ’17 but it seems to be on the rise yet again. Additionally, 12 more homes have been foreclosed in quarter four than in quarter three of 2018.

AMOUNT OF HOMES SCHEDULED FOR FORECLOSURE BY SALE IN FAIRFIELD, CT HIGHEST IN LAST FIVE YEARS

There have still been steadily high new foreclosures in Fairfield’s final quarter of 2018. From quarter four of 2017 to quarter four of 2018, the amount of homes that have been scheduled for sale by foreclosure has increased by 88% in the last year and increased by 275% in the last five years. This number is at its highest in the five year time period. Along with this staggering rise, the amount of homes that have been entirely lost to foreclosure has increased by 13% in the last five years.

HOMES LOST TO FORECLOSURE IN EAST HAVEN, CT UP 110%

While the amount of foreclosures in East Haven has fallen in the final quarter of 2018 by 26% from quarter four of 2017, the amount of homes that have actually been lost to foreclosure has increased by a whopping 110% from the previous year. The amount of homes that are about to be lost and are scheduled for sale have also increased by 31% compared to 2017’s fourth quarter.

FORECLOSURES AND HOME LOSSES INCREASING IN EAST HARTFORD, CT

Compared to the final quarter of 2017, that of 2018 looks less fortunate across the board in East Hartford. The amount of foreclosures in the final 90-day period of the year has increased by 10% compared to the previous year. Homes scheduled for sale by foreclosure has risen by a whopping 58% in the last year and the homes that have been completely lost has increased by 11%.

AMOUNT OF HOMES SCHEDULED FOR SALE BY FORECLOSURE STILL HIGH IN DANBURY, CT

The amount of Danbury foreclosures have remained steady between the fourth quarter of 2017 and that of 2018 and just as many homes have been scheduled for sale as the final quarter of 2017. However, in the last five years, the amount of homes about to be lost to foreclosure and scheduled for sale has increased by a whopping 83%. The median sale value of homes has only risen in the last year by 9%.

HIGH RATES OF FORECLOSURES IN BRISTOL, CT

While the amount of foreclosures in Bristol has decreased by 5% in the last five years, 58 homes still fell into foreclosure in the final 90 days of 2018, 15 homes were about to be lost and scheduled for sale, and 21 homes were completely lost. It is clear that even with a slight decrease in Bristol foreclosures, homeowners are still in dire need of experienced legal representation in order to avoid losing homes to foreclosure and failed mediation.

BRIDGEPORT, CT HOMEOWNERS LOSING SAVABLE HOMES TO FORECLOSURE

Although the number of foreclosures in Bridgeport dropped by 17% in the last year, almost two homes have been lost every single day throughout the final quarter of 2018 leaving a devastating result despite the seemingly promising decreases in foreclosure rates. There are still staggering amounts of homes scheduled for sale that are about to be lost and homes that have already been lost to foreclosure in Bridgeport.

HOMES LOST TO FORECLOSURE UP BY 600% IN BRANFORD, CT

Continuing the trend of the previous quarter, the number of foreclosures in Branford, CT decreased in the final quarter of 2018 compared to 2017 but remained fairly consistent over the past five years. However, the amount of homes that have been scheduled for sale has increased by 12.5% in the last year and those actually lost to foreclosure has increased by 75% in the last year and 600% in the last five years.

ANSONIA, CT LOSING HOMES TO FORECLOSURE IN FOURTH QUARTER OF 2018

After an increase in the amount of homes going into foreclosure in the fourth quarter of last year, Ansonia’s final quarter of 2018 saw a fortunate decrease of 16%. Comparing the final quarters of the past five years, foreclosures dropped significantly from 2014 to ’15 but have been steady since then.

WEST HAVEN, CT HOMES LOST TO FORECLOSURE TWICE AS HIGH AS 2015

New West Haven Foreclosures Down While Lost Homes Increase

West Haven, CT homes lost to foreclosure increased by 75% from the 2nd quarter of 2018 with 49 homes lost in the 90 day period. West Haven homes lost to foreclosure reached the 2nd highest rate in the past 4 years. While the number of new foreclosures fell by 25% from 2015, homes lost increased by 113%.

WALLINGFORD FORECLOSURE RATES DOWN FROM 2ND QUARTER 2018

3RD QUARTER 2018 FORECLOSURES REPORTED LOWER

The 3rd quarter of 2018 foreclosure rates in Wallingford, CT saw a decrease over the same 90 day period in 2017 with 19 new foreclosures in the 3rd quarter of 2018. Unfortunately, 9 savable Wallingford homes were lost to foreclosure in the same 90 day period. Additionally, home values have increased by only 1.9% in the past 5 years to $242,000.00 – the lowest property value in the past 3 years.