Weekly foreclosure statistics for Connecticut broken down by county from The Warren Group:
| State |
County |
Petitions &
Lis Pendens |
Auctions |
Bank Owned
(REO) |
| CT |
Fairfield |
158 |
6 |
12 |
| CT |
Hartford |
87 |
14 |
16 |
| CT |
Litchfield |
0 |
2 |
0 |
| CT |
Middlesex |
14 |
1 |
0 |
| CT |
New Haven |
139 |
21 |
13 |
| CT |
New London |
27 |
0 |
5 |
| CT |
Tolland |
6 |
1 |
2 |
| CT |
Windham |
8 |
0 |
0 |
| |
TOTALS |
439 |
45 |
48 |
This is the reality of what is happening in the state. As you can see, New Haven and Fairfield county have the most Lis Pendens filed this week.
April 14th, 2008 | Posted in CT Foreclosure News, blog | No Comments
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. Read the rest of this entry »
April 10th, 2008 | Posted in Your Options, The Foreclosure Process, Resources, Stop Foreclosure | No Comments
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 the homeowners sign a Quit Claim Deed which effectively gave all ownership of the property to the scammer. He stated it was just temporary to show the lender that the they were serious about resolving their foreclosure situation. He then went on to sell the property without the homeowners' knowledge. Read the rest of this entry »
April 9th, 2008 | Posted in Foreclosure Rescue Scams, blog, Your Options, Stop Foreclosure | No Comments
Here are a few links to resources for CT homeowners facing foreclosure:
March 18th, 2008 | Posted in Your Options, Loss Mitigation, Stop Foreclosure | No Comments
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 percent in January compared to a year ago, according to an Associated Press story released today.
February 29th, 2008 | Posted in CT Foreclosure News, blog | No Comments
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 on consumers who are trying to buy a home, obtain re-financing or make improvements on their home. A bad loan obtained from a predatory lender may cause homeowners to lose their chance to buy a desired home, lose the equity in their current homes or force them to sell their homes when they are unable to make loan payments. Read the rest of this entry »
February 6th, 2008 | Posted in Stop Foreclosure | No Comments
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 non-profit credit counseling agency for help with analyzing your financial situation.
- Contact your mortgage company as soon as you realize that you cannot make a mortgage payment or soon after you have missed a payment – the sooner the better.
- Stay in touch with your lender. Do not ignore the lender’s attempts to contact you.
- Work with your lender to find a solution. Lenders are motivated to help you find a way to avoid foreclosure. They want to continue receiving your mortgage payments. They don’t want to own your house.
- Ways that you can avoid foreclosure in Connecticut (excerpted from the Legal Assistance Resource Center of Connecticut website, http://www.larcc.org/pamphlets/housing/about_foreclosure.htm): Read the rest of this entry »
February 6th, 2008 | Posted in Stop Foreclosure | No Comments
Welcome to Connecticut Foreclosure. We are working on putting together a great resource for CT Residents who are looking for information on how to avoid or stop foreclosure. We will be adding content and resources about CT foreclosure over the coming weeks and months in an effort to give you the information you need to make informed decisions about how to best handle your foreclosure situation in Connecticut.
November 20th, 2007 | Posted in Stop Foreclosure | No Comments
