Connecticut ranked eighth in the country for highest foreclosure rates in January, including 3,697 properties with foreclosure filings. That's a nearly 185 percent increase from January 2007.
The top 10 states with the highest foreclosure rates are: Nevada, California, Florida, Arizona, Colorado, Massachusetts, Georgia, Connecticut, Ohio and Michigan. The number of homeowners facing foreclosure nationwide jumped 57 […]
PREDATORY LENDING PRACTICES / ABUSIVE LOAN PRACTICES
The following is excerpted from the websites of Acorn Housing Corporation: www.acornhousing.org/TEXT/predlend.html and the U.S. Department of Housing and Urban Development (HUD): www.hud.gov/offices/hsg/sfh/buying/loanfraud.cfm
WHAT IS PREDATORY LENDING, ALSO KNOWN AS ABUSIVE LOAN PRACTICES?
Predatory lending is another term for loan fraud committed by mortgage lenders, home appraisers or real estate professionals […]
From the CT Infoline website:
http://www.infoline.org/InformationLibrary/Documents/Avoiding%20Foreclosure.asp
FORECLOSURE / AVOIDING FORECLOSURE
Failure to pay your monthly mortgage payments can lead to foreclosure, but there are ways to avoid that outcome. The following is a list of things you can do to avoid foreclosure.
Analyze your financial situation and calculate how much of your mortgage you are able to pay.
Contact a […]
