HARTFORD SECOND QUARTER 2018 NEW FORECLOSURES FALL BUT HOMES LOST REMAINS HIGH

Hartford, CT Homes Lost to Foreclosure Remains High in the 2nd Quarter of 2018

Newly started foreclosures have fallen by more than half from the second quarter of 2018 while the number of homes lost to foreclosure was nearly identical.

The 2nd quarter 2017 had 185 new foreclosures and 71 lost homes while the same quarter of 2018 had just 89 new foreclosures and 63 lost homes. Although the number of new foreclosures appears to be falling, the number of Hartford homes lost has stayed steady & high.

New foreclosures were reduced to 89 in the 2nd quarter- about one per day, while homes lost remain unacceptably high at two every three days during the 90 day period. Homeowners are losing savable Hartford homes in foreclosure court at an unreasonable rate. Home values in Hartford have increased by just 6.7% in the past 5 years, and real estate sales are down 12.1% as compared to the 2nd quarter of 2017. While the number of new foreclosures has fallen by nearly 50% since the 2nd quarter of 2017, the number of lost homes has fallen by only 11.3% during the same period.

If you are in danger of losing your home, get a foreclosure defense attorney. Homeowners representing themselves without any form of dedicated and experienced foreclosure defense attorneys continue to waste the opportunity for success in mandatory foreclosure mediation and lose their homes to bank attorneys and factory foreclosure firms.

Tips for saving your home:

  • Seek prompt, experienced legal defense representation.
  • Don’t rely on mediators or banks to save your family home.
  • Proper documentation and persistent legal representation is the key to obtaining successful mortgage modification.

To learn your options and save your home, call the Law Offices of Neil Crane. We have saved more Connecticut homes than any other firm in the state. Call the Hartford foreclosure defense attorneys at 203-230-2233 or toll free at 1-888-249-3027 to set up your FREE consultation.

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