Third quarter 2018 foreclosure steady with 2017 rates

Newly started foreclosures dropped from 277 in the third quarter of 2017 to 209 in the third quarter of 2018- a 25% decrease in one year. Although this decrease seems promising, Bridgeport homeowners lost almost two homes per day. 146 homes were lost in foreclosure in the 90 days of Bridgeport’s third quarter 2018. With 209 new foreclosures and 148 homes lost in 2018 and 642 new foreclosures and 185 homes lost in 2014 the 2018 rate of foreclosed homes being lost is 42% higher than in 2014. Hardworking Bridgeport homeowners are losing affordable, savable homes at an unacceptable rate.

Homeowners representing themselves without any form of experienced foreclosure defense attorney continue to waste the opportunity for success in mandatory mediation, and lose their savable homes to bank attorneys and factory foreclosure attorneys.

Banks have their attorneys and you should too. Qualified and experienced legal representation will save your home. To learn your options and save your home, call the Bridgeport foreclosure defense team at the Law Offices of Neil Crane today. Call us at (203) 230-2233 or toll free at 1-(800) 249-3027. We have been saving homes in Bridgeport and across Connecticut since 1983. Together we can save your home.