Connecticut Bankruptcy Law Blog

FORECLOSURE PREVENTION IN NEW BRITAIN, CT 2016

New Britain foreclosure rates increased in 2016 by 31.4% over lower rates in 2015. Foreclosure rates were down from record highs in 2013 with 289 New Britain foreclosures in 2016 compared to a high of 443 New Britain foreclosures in 2013. Despite this, homes lost to foreclosure by sale in New Britain for 2016 rose 12.3% over 2015 rates and strict foreclosures increased over 125% with a total of more than 225 New Britain homes lost to foreclosure proceedings.

BRISTOL HOME FORECLOSURES INCREASE 45% IN 2016

After two straight years of reduced foreclosure rates, the Bristol mortgage foreclosure rate increased 45% from 2015 to the end of 2016. 345 new foreclosures were commenced against Bristol homeowners in 2016 up from a record low of 238 foreclosures in 2015. This increased number of foreclosures actually exceeded the levels seen five years ago in 2011 when 330 Bristol homes went into foreclosure.
 

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