Nearly all of the Worst 25 Forecast housing markets in 2010 are projected to sustain double-digit deflation for the year. Two markets in CT are listed in the Top 25 for 2010. A broad range of the country's markets compose the worst 25 with a total of 16 states represented, which showsjust how broadly the […]
Connecticut Home Sales and Median Price Info for April 2009 Year-to-date home sales in Connecticut totaled 5,079. That is a 26 percent decrease from 6,868 home sales this time in 2008. Sales of CT single-family homes for the month of April dropped 21.1 percent from 1,936 a year ago, to 1,528 […]
And finally, the CT FAMLIES Program. This is a refinancing option for CT homeowners to get into a new 30-year fixed rate loan and out of the ridiculously high subprime rates that some people have. Here is a summary from the CHFA website:
CHFA continues to offer the Connecticut Fair Alternative Mortgage Lending Initiative and Education […]
Foreclosure Mediation is when someone steps in on your behalf to try to stop foreclosure and negotiate a suitable arrangement with your lender for repayment of the mortgage. There are a ton of companies out there that market heavily claiming to Stop Foreclosure. Some are buyers and others offer Loss Mitigation services for a fee, […]
CHFA's HERO Loan Program gives them the ability to purchase certain mortgages from lenders in order to give borrowers more affordable terms and a more manageable payent plan that better fits their financial situation. Here is a summary from the CHFA website:
The purpose of the HERO Program is to permit CHFA to purchase eligible mortgages […]
This is a summary of the Emergency Mortgage Assistance Program which is part of the new law that went into effect July 1st. Full information is avaiable by contacting CHFA and is available from the CHFA website. I thought I would summarize it here for readers as well.
The Emergency Mortgage Assistance Program is available to […]
A new state law took effect last Tuesday that will assist borrowers facing foreclosure in CT. The New Haven Register did a great job summarizing the law and how to get assistance.
A new state law that took effect Tuesday establishes borrower assistance programs to help homeowners with subprime mortgages.
The law re-establishes the Emergency Mortgage Assistance […]
The Connecticut Judicial Branch's Law Library website contains everything you could possibly want to know about Connecticut Foreclosure Law. The site is a wealth of information for those looking for information on the CT foreclosure process as well as links to various additional information sources.
Law and Order this evening included a storyline with a supposed example of how someone could take advantage of a homeowner in foreclosure by tricking them into signing over ownership of their property. In the show's example, the scammer was acting as a concerned rescue company that helped homeowners KEEP their home. He then had […]
Here are a few links to resources for CT homeowners facing foreclosure:
How to prepare a complaint to the Department of Banking;
Department of Banking Online Assistance Form;
Connecticut Department of Banking, Avoiding Foreclosure;
FDIC Consumer News;
Statewide Legal Services of Connecticut, Inc;
