SOUTHINGTON FORECLOSURE RATES INCREASE IN THE 3RD QUARTER OF 2018
2018 LOST HOME RATE MORE THAN DOUBLE 2014
Southington, CT homes lost to foreclosure remained steady with the 2rd quarter of 2018. The total number of lost homes has increased by 28% from rates in 3rd Quarter 2017. Similarly, in 2014, 32% of Southington Homes that went into foreclosure were eventually lost, while in the 3rd Quarter of 2018, 85% of Southington homes in foreclosure were lost. During the same period, Southington, Connecticut home values increased by less than 5% and home sales grew by less than 3%. It appears that high foreclosure rates and the failure by homeowners to save their homes from foreclosure are contributing to high home inventory and a continued buyers’ market.
- The State Court Foreclosure Mediation Program isn’t effectively saving Southington homes.
- Homeowner’s defending foreclosures without legal representation, fail to save solvable foreclosures.
- Saving homes requires more power and time than foreclosure mediators can provide.
Southington homeowners in trouble need and deserve proven successful options for foreclosure defense and long term home retention. At the Law Offices of Neil Crane, we have been saving homes for more than 35 years. Prompt attention and legal assistance are the key to saving homes, not the distraction and delay encountered by self-represented homeowners and slow foreclosure mediators.
With over 35 years of experience, we understand all the questions and all the answers. At the Law Offices of Neil Crane, we are the largest provider of foreclosure solutions and Chapter 13 Bankruptcy relief in Connecticut. To speak with an experienced attorney, call us at 203-330-2233 or toll free at 1-888-249-3027.