Foreclosure Rates, Mortgage Modification and Mediation in Stratford, CT

By Neil Crane of The Law Offices of Neil Crane LLC posted in Mortgage Modification on Friday, October 10, 2014.

New Foreclosures Fall Slightly, But Homes Lost in Foreclosure Increase in First Quarter of 2014

Stratford, Connecticut's new foreclosures decreased slightly from the first quarter of 2010 down 10.9%, but homes lost in the foreclosure process increased dramatically with auctions up over 44% and homes lost to strict foreclosure deeds up 600% from the prior year's first quarter results. With 121 sales and over 80 new foreclosures, the ratio of sales to foreclosure has continued to contribute to a decrease in average sales prices for Stratford, CT homes, down 79% in the past 5 years.

Mandatory foreclosure mediation is the critical opportunity to save homes from loss to the foreclosure process and dedicated legal counsel on your behalf is the key to mediation success.

Tips for Mediation Success:

1. Don't go it alone. No one who really wants to save their home should rely only on themselves. Banks have expert counsel - You're a novice.

2. Create, advocate and support the proper mortgage payments and ratios necessary to succeed. It's all about the numbers.

3. Don't count on banks, servicing companies, or their attorneys, mediators or court officials to save your home. They are the foreclosure process. Only you and the best possible legal counsel can save your home.

Get the expert help you need and deserve. At the Law Offices of Neil Crane, we've saved hundreds of Fairfield County homes from our Bridgeport office.

Call us and speak directly to an experienced and dedicated Chapter 7, Chapter 13 and foreclosure defense attorney at 203-230-2233 or toll free at 1-888-249-3027. You'll never have to deal with voicemail; we answer every call.