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.
Connecticut Bankruptcy Law Blog
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.
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%.
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%.
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.
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.
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.
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.
Unrepresented Homeowners Losing Homes in Mediation in Record Numbers
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%.