Monthly Connecticut Foreclosure Numbers Down
On behalf of Law Offices of Mark M. Kratter, LLC on December 31, 2012
Good news has been issued concerning Connecticut-area foreclosures. The rate in the Norwich area has decreased from the numbers reported in October of last year. However, many families are still affected by foreclosure and may feel like they are drowning in debt. When this occurs, several options exist including bankruptcy. Filing for bankruptcy or seeking other alternatives can help homeowners who may be struggling to keep their homes while still juggling other debts.
Connecticut Foreclosure Situation Shows Little Improvement
On behalf of Law Offices of Mark M. Kratter, LLC on December 18, 2012
Foreclosure proceedings can be nerve-wracking and upsetting for homeowners in Connecticut and elsewhere. Although there is an expected bounce in the housing markets, some are speculating the crisis may not be quite over yet. Home sales across the nation in October reportedly reached a five year high, up 11 percent from 12 months ago.
Foreclosure Relief May Be In Sight With New Industry Standards
On behalf of Law Offices of Mark M. Kratter, LLC on May 09, 2012
Connecticut homeowners facing foreclosure may be interested in a recent headline about the housing crisis of 2007 and how mortgage servicers are attempting to clean up their acts. During the crisis, countless homeowners were subjected to messy processes that often resulted in serious damage, including inappropriate foreclosures Those currently facing foreclosure may now have more options, thanks to the federal government stepping in and beefing up industry standards.
Measures Against Foreclosure May Bring Relief To Connecticut
On behalf of Law Offices of Mark M. Kratter, LLC on February 01, 2012
As the foreclosure crisis continues across the nation, some help may be on the way for Connecticut residents. On Jan. 30, the state attorney general and U.S. Rep. Rosa DeLauro held a joint news conference at the United Way in Milford to tout measures that may bring some relief and protection to area homeowners. The measures are designed to reduce frustration and to potentially avoid foreclosure in some cases.
Credit Card Debt Declining, With Possibility Of Future Spending
On behalf of Law Offices of Mark M. Kratter, LLC on December 08, 2011
Connecticut residents are gradually paying off their debt while showing an interest in spending more. In late November the New York Federal Reserve Bank said mortgage debt in the United States dropped from July to September. Consumer debt is 0.6 percent lower as compared to the second quarter, primarily due to a 1.3 percent drop in mortgage loan debt.
