New Haven, CT second quarter 2018 new foreclosure rates have fallen by 53% compared to the same period in 2017. In 2015, only 49% of homes that went into foreclosure were eventually lost. While in 2018, 76% of homes that went into foreclosure were lost. While the number of new foreclosures has been reduced from 2017, the percentage of homes lost to foreclosure has increased significantly.
Connecticut Bankruptcy Law Blog
NAUGATUCK, CT HOMES LOST TO FORECLOSURE UP WHILE NEW FORECLOSURES DECREASE
The 2nd quarter of 2018 saw 23 new Naugatuck, CT foreclosures- a decrease of 23% from the 2nd quarter of 2017. Unfortunately, 24 Naugatuck homeowners lost their homes to foreclosure during the 2nd quarter of 2018- a 14% increase from the 2nd quarter of 2017. Although the number of new foreclosures has decreased in the past year, the number of Naugatuck homes lost to foreclosure has increased by 14%.
Shutdown government workers show the critical need for every paycheck in order to survive the monthly battles that are the financial reality for all too many Americans
With the longest shutdown in government history and the threat of another government shutdown looming large, Americans throughout the country were shocked and surprised to see how one or two missed paychecks could put hundreds of thousands on the breadlines throughout America. No one should have been shocked or surprised.
New foreclosures in Milford, CT fell by more than 22%, and homes lost to foreclosure fell by 20% as compared to the second quarter of 2017. Unfortunately, Milford home values decreased by 1.8% during the 90 day period.
Foreclosure mediation continues to fail homeowners by encouraging self-representation by homeowners. Mediators push you to have no counsel and go it on your own while every bank has attorneys that are specialized in taking your home. Get someone to work for you. Without a lawyer, you will likely lose your home.
Middletown foreclosure rates hit 5 year high in Second Quarter 2018
Foreclosure rates in Middletown, CT showed an alarming increase in both newly foreclosures and homes lost to foreclosure. Middletown homeowners saw 71 foreclosures started – an increase of more than 18% in five years. Even more alarming, 25 Middletown homes were lost to foreclosure in the 2nd quarter of 2018 for an increase of 177% over last year’s 2nd quarter where 9 Middletown homes were lost.
Meriden Foreclosure Numbers are Difficult to Bring Down
Manchester Foreclosure Defense and Foreclosure Mediation
Newly started foreclosures in Manchester, CT dropped from 61 in the second quarter of 2014 to 38 new foreclosures in the second quarter of 2018 – a decrease of 37% in five years. However, homes lost to foreclosure only dropped from 30 in the second quarter five years ago to 28 in the second quarter of 2018 – a drop of less than 7% in the past five years.
Hartford, CT Homes Lost to Foreclosure Remains High in the 2nd Quarter of 2018
Newly started foreclosures have fallen by more than half from the second quarter of 2018 while the number of homes lost to foreclosure was nearly identical.
The 2nd quarter 2017 had 185 new foreclosures and 71 lost homes while the same quarter of 2018 had just 89 new foreclosures and 63 lost homes. Although the number of new foreclosures appears to be falling, the number of Hartford homes lost has stayed steady & high.
Second Quarter 2018 Foreclosure Rates Increase
Newly started Fairfield, CT foreclosures increased to 31 in the second quarter of 2018. Newly started foreclosures are the second highest in five years. With more than one every three days, new foreclosures in Fairfield have increased by almost 25% in one year. Homes lost to foreclosure increased from 21 in the second quarter of 2017 to 28 in the second quarter of 2018 -a 33% increase in just one year. This is the highest rate of lost homes in the past 5 years.
New Foreclosures Drop While Home Loss Remains the Same
Despite a decrease in 2nd quarter East Haven, CT foreclosures, homes lost remained comparable with the 2nd quarter of 2017, the numbers remain at almost one home lost every three days. East Haven saw 37 new foreclosures and 28 savable homes lost to banks in the 90 day period. Both East Haven homes sales and home values have been rising for the past 5 years. Sales are up moderately from 143 homes sold in the second quarter of 2017 to 155 in the same period of 2018.