Although the downward trend in Shelton home foreclosures over the past five years seems positive, the number of homes that have been scheduled for foreclosure by sale has actually increased by 29% over that same time period. Despite year-to-year fluctuation, 18 homes have still fallen into foreclosure in Shelton in only 90 days, nine of which have been scheduled for sale, and four have been entirely lost.
Connecticut Bankruptcy Law Blog
The number of New Britain homes falling into foreclosure in the fourth quarter of 2018 has dropped compared to the fourth quarter of 2017, causing the median home sale price to increase by 10% in the last year and 20% over the last five years.
While the number of Naugatuck homes falling into foreclosure has dropped between the final quarter of 2017 and that of 2018, the number of homes that have been scheduled for sale by foreclosure has risen by 25% over the last five years.
The final quarter of 2018 in Milford has had 30 homes fall into foreclosure in 90 days. With the median home sale price rising steadily over the past five years, the number of homes being sold has dipped by 67% and homes are still being lost through foreclosure to banks. It is clear that with one home falling into foreclosure every three days in Milford’s fourth quarter, homeowners in the area need help, and a solid, proven solution.
The amount of foreclosures in Middletown has increased by 9% in the fourth quarters of each of the past five years. In the last 90-day period of 2018, 62 homeowners in Middletown had their houses fall into foreclosure. This is devastatingly high despite the solid, effective options that are accessible right here in Connecticut.
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.
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.
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.
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.
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.