Connecticut Bankruptcy Law Blog

HIGH NUMBER OF HOMES LOST TO FORECLOSURE IN WINDSOR, CT

At the close of 2018, it became clear that foreclosure numbers in Windsor were high and climbing. In 2014, only 26 homes were scheduled for sale by foreclosure. In 2018, 51 homes were scheduled for sale by foreclosure. This number almost doubled within 5 years. Within the same time period, the number of homes that have been completely lost to foreclosure has remained steadily high.

WEST HAVEN, CT SEES STEADILY HIGH FORECLOSURE NUMBERS AS 2018 ENDS

Although the number of foreclosures in West Haven has slightly decreased over the last 5 years, the rate at which foreclosed homes are being lost is steadily rising. The amount of homes scheduled for sale by foreclosure has remained steadily high over the last four years. Additionally, in 2016, 63 homes were lost to foreclosure. In 2018, only two years later, 107 homes were lost to foreclosure. Despite the slow drop in number of foreclosures, West Haven homeowners are actually losing their homes at a higher rate.

HIGHEST NUMBER OF SALES BY FORECLOSURE IN FIVE YEARS IN VERNON, CT

Unfortunately, as the 2018 year came to a close, Vernon saw some disappointing foreclosure numbers. The amount of foreclosed homes that were scheduled for sale hit its highest in the last five years. Only eight homes were lost to foreclosure in 2017. In 2018, 25 homes fell into sale by foreclosure. Clearly, Vernon homeowners cannot rely on the state court foreclosure mediation program anymore. It works to disadvantage people who are already financially struggling.

STEADILY HIGH FORECLOSURES IN TRUMBULL, CT

Including 2018, the last three years in Trumbull have shown steadily high foreclosure numbers. Additionally, the number of homes scheduled for sale by foreclosure has been tremendously rising for the last five years. Five years ago in 2014, 19 homes were scheduled for sale. In 2018, 33 foreclosed homes were scheduled for sale. The Connecticut court mediation program is clearly unsuccessful and hurtful towards Trumbull homeowners.

RISE IN SALES BY FORECLOSURE IN TORRINGTON, CT

At the close of 2018, Torrington saw increases in the number of homes scheduled for sale by foreclosure. There was an increase of 33% from 2017 to 2018 and an increase of 26% over the last five years. In 2017, 40 foreclosed Torrington homes were scheduled for sale and a shocking 53 were scheduled for sale in 2018. It is clear that the rate at which Torrington homeowners are losing their homes to foreclosure is rising and that more successful solutions are necessary.

SOUTHINGTON, CT LOSING HOMES AT HIGH RATE

As the 2018 year came to a close, Southington saw serious increases in foreclosure numbers. While the number of foreclosures has remained steadily high over the last five years, the amount of homes scheduled for sale by foreclosure has increased by 24% from 2017 to 2018, and increased by 11% over the last five years. In 2017, 85 foreclosed homes were placed for sale and in 2018, 125 foreclosed homes were placed for sale.

SHELTON, CT FORECLOSURES STEADILY HIGH

Foreclosure numbers have remained steadily high for the last three years in Shelton. Unfortunately, the amount of homes that have been scheduled for sale by foreclosure has increased over the last five years into 2018. In 2014, 24 foreclosed Shelton homes were scheduled for sale. In 2018, 35 foreclosed homes were scheduled for sale. This is an increase that makes clear a trending rise in foreclosed home losses in Shelton.

2018 YEAR-END SHOWS RISING FORECLOSURE NUMBERS IN NEW BRITAIN, CT

There have been serious increases in foreclosures in New Britain over the past five years and particularly since 2017. Comparing the 2017 and 2018 year-end statistics, the amount of foreclosures has increased by 15%, 36 more homes in 2018 than in 2017. The amount of homes that have been scheduled for sale by foreclosure has increased by 18% over the last year and by 55% over the last five years.

NAUGATUCK, CT LOSING HOMES TO FORECLOSURE AT INCREASING RATES

Despite a slight dip in Naugatuck foreclosures, the rate at which residents are losing their homes has increased and is clearly on the rise. The amount of homes schedule for sale by foreclosure in 2018 is the highest it has been in the last five years due to a 28% increase since the previous year and a 23% increase over the last five years. Additionally, Naugatuck homes lost to foreclosure upped by 21% between 2017 and 2018.

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