connecticut foreclosures

Connecticut Foreclosures Still Rank Some Of The Highest In The Country

Connecticut Foreclosures Connecticut foreclosures are still some of the highest in the United States. The state entered July with the fifth-highest rate of residential mortgages under foreclosure in the nation.

Bridgeport had the largest number of pending foreclosure sales in Connecticut. Bridgeport was followed by the cities of Stamford, New Haven and Hartford with 18 each. Affluent towns are also seeing high activity. There are dozens of foreclosure sales under way in Westport, five in Ridgefield and a pair of properties in Greenwich.

New Connecticut foreclosures made up 40 of every 10,000 homes in the first half of the year. This number does not reflect homeowners already in some part of the foreclosure process according to Attom Data Solutions. This includes everything from new default notices, lender repossessions or scheduled auctions.

Connecticut created a foreclosure mediation program in 2008 as did other states. Lenders must follow in an attempt to create a loan-workout program with the homeowner. The program is free for homeowners in arrears. Connecticut foreclosure victims can also learn the details of the program online at www.jud.ct.gov/foreclosure.

New Jersey had the highest foreclosure rate in the nation in the first half of 2018. Atlantic City the worst off of any metropolitan area in the nation at a foreclosure rate of 148 homes, followed by Trenton at 96.

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