RECORD BRANFORD HOMES LOSS RATES & FORECLOSURES CONTINUE IN FIRST QUARTER 2017
Branford foreclosure rates and homes lost in the first 90 days of 2017 increased over the first quarter of 2016. With 42 new foreclosures in the first quarter of 2017, Branford saw a 10% increase in foreclosures over last year’s first quarter. Homes actually lost in the foreclosure process also increased from last year’s first quarter. Branford homeowners continue to lose savable homes despite low interest rates and legal solutions.
- Foreclosure mediation encourages homeowners to avoid the dedicated legal representation they need and deserve.
- Homeowners are often afraid to seek out experienced legal representation.
- Many homeowners in foreclosure don’t know or understand their home saving options or legal rights.
While sales numbers were up over the past 5 years, the increase in sales over the past 3 years has been less than 10% with an 8% decrease in average sales price of a Branford home over the first quarter numbers 5 years ago in 2012.
The average price of a Branford home has now fallen to $213,000 from an average of $233,000 in the first quarter of 2013. Tepid sales numbers and decreases in average sales prices most likely reflects the abundance of inventory caused by nearly 10 years of unabated high foreclosure rates in Branford, CT. High foreclosure rates and the failure to obtain meaningful mortgage modification within the foreclosure mediation process means more lost homes.
Homeowners in trouble need real answers and dedicated assistance to explore the many true and proven options for saving homes. Get the help you need and deserve.
At the Law Offices of Neil Crane, our attorneys and long-term legal professionals focus solely on foreclosure and debt relief. We are specialists with a long history of success:
- Chapter 13 reorganizations
- Foreclosure defense and foreclosure mediation experience
- Saving Branford homes since 1983
Call 203-230-2233 for a free consultation. You will always speak directly with an experienced attorney – we don’t use voicemail.