HARTFORD, CT THIRD QUARTER 2018 FORECLOSURE RATES DOWN FROM SECOND QUARTER 2018
Hartford Home Values and New Foreclosures Decrease
The third quarter foreclosure rates in Hartford, CT diminished compared to the second quarter of 2018. In the second quarter of 2018, Hartford had 89 new foreclosures started. In the third quarter of 2018, Hartford saw 66 new foreclosures – a 25.8% decrease in the 90 day period. Lost homes remain steady but are still too high given the number of new foreclosures has decreased by more than half. In 2014 Hartford homeowners lost 106 homes to foreclosure while in 2018 60 homes were lost to foreclosure. In the 3rd quarter of 2018, 90% of homes that went in to foreclosure were eventually lost, while in 2014 71% of homes that went in to foreclosure were lost.
While decreases in new Hartford foreclosures might seem promising for Hartford homeowners, unrepresented homeowners without specialized legal counsel lost two Hartford homes every three days during the third quarter of 2018.
Foreclosure mediation without legal representation is a trap that loses Hartford homes. Hartford has thousands of affordable and savable homes. The key element to saving Hartford homes is to get educated and speak with a dedicated and experienced foreclosure defense attorney as soon as possible. Delay is deadly when fighting to save your home. With proper legal assistance, all homes can be saved, especially affordable Hartford homes with reasonable interest rates.
Don’t go it alone. Seek qualified, experienced and specialized legal representation.
To learn more about how our dedicated legal team can help you save your home, call the Hartford foreclosure defense and foreclosure mediation attorneys at the Law Offices of Neil Crane. 203-230-2233 or toll free at 1-888-249-3027 to set up your FREE consultation.