News
Foreclosures

Connecticut Homeowners Continue To Benefit from National Mortgage Foreclosure Settlement

WASHINGTON, D.C. – May 21, 2013 – (RealEstateRama) — Attorney General George Jepsen said Connecticut’s distressed homeowners continue to benefit from first-lien principal reductions and other mortgage relief programs resulting from the $25 billion national mortgage foreclosure settlement announced last year

Help for Homeowners Facing Threat of Foreclosure

Conn. – April 3, 2013 – (RealEstateRama) — Casa, Dom, La Maison, Home…Connecticut’s Emergency Mortgage Assistance Program (EMAP) may be the key to help you keep it. Connecticut Housing Finance Authority (CHFA) is accepting applications for the Emergency Mortgage Assistance Program (EMAP) available for city and area homeowners who are or facing foreclosure or having trouble making their mortgage payments due to a temporary financial hardship.

Attorney General Says Help to State Homeowners Running Ahead of Earlier Mortgage Relief Estimates

WASHINGTON, D.C. – February 21, 2013 – (RealEstateRama) — Attorney General George Jepsen said Connecticut’s distressed homeowners are on track to receive significantly more mortgage relief from the $25 billion national mortgage foreclosure settlement than anticipated when the settlement was announced last year.

Musto Seeks to Change Title Rules in Foreclosure Cases

March 8, 2011 – (RealEstateRama) — Amidst national reports of shoddy paperwork processing that led to suspended foreclosure proceedings at many major lenders, state Senator Anthony Musto (D-Trumbull) is pushing legislation that would require banks to perfect their legal right to property before they can file a foreclosure action.

Duff Welcomes Funding for Mortgage Job Training Program

December 6, 2010 – (RealEstateRama) — A $1.3 million grant for the state’s Mortgage Crisis Job Training Program is expected to gain approval when the State Bond Commission meets later this week, news that state Senator Bob Duff (D-Norwalk), Senate chair of the General Assembly’s Banks Committee, welcomed today.

Attorney General To Help Lead Multistate Investigation Of Defective Foreclosure Docs

October 13, 2010 – (RealEstateRama) — Attorney General Richard Blumenthal announced today that his office will help lead a multistate investigation into allegedly defective legal documents filed by banks in thousands of foreclosures nationwide.

Attorney General Asks CT Courts To Freeze Home Foreclosures 60 Days Because Of Defective Docs

October 1, 2010 – (RealEstateRama) — Attorney General Richard Blumenthal today asked the state Judicial Department to freeze all home foreclosures for 60 days because of defective document filings and institute measures to assure the integrity of future filings.

Duff: Foreclosures, Short Sales No Longer Subject to Real Estate Conveyance Tax

September 28, 2010 – (RealEstateRama) — Beginning this Thursday, homeowners facing foreclosure or short sale of their property will no longer be subject to the state’s real estate conveyance tax, state Senator Bob Duff (D-Norwalk), Senate chair of the General Assembly’s Banks Committee said today

Attorney General Investigating Defective GMAC/Ally Foreclosure Docs, Demands Halt To Its CT Foreclosures

Hartford, CT – September 27, 2010 – (RealEstateRama) — Attorney Richard Blumenthal announced today his office is investigating defective foreclosure documents filed by GMAC/Ally Finance, Inc. in Connecticut and demanding the company freeze all foreclosures in the state.

Obama Administration Awards Additional $9.3 Million to Stabilize Connecticut Neighborhoods Hard-Hit by Foreclosure

WASHINGTON, DC – September 10, 2010 – (RealEstateRama) — U.S. Housing and Urban Development Secretary Shaun Donovan today awarded an additional $9,322,756 million in funding to Connecticut communities struggling to reverse the effects of the foreclosure crisis. The grants announced today represent a third round of funding through HUD’s Neighborhood Stabilization Program (NSP) and will provide targeted emergency assistance to help local communities in Connecticut acquire, redevelop or demolish foreclosed properties. (See below for a complete list of Connecticut funding)

Gomes & Musto, Advocates, Detail Assistance Available for Those Facing Home Foreclosure

Bridgeport, CT – August 26, 2010 – (RealEstateRama) — Nearly one in 12 homeowners in Connecticut in foreclosure or more than 90 days late on their mortgage payments, according to a recent report issued by the foreclosure-tracking firm RealtyTrac. Connecticut currently has the 20th highest foreclosure rate in the country, and the city of Bridgeport has the highest rate of any city in the state, with 98 new foreclosure actions initiated in July alone

New Haven Homeowners Facing Foreclosure Get a Lifeline: General Assembly Extends Mediation Program

New Haven, CT – July 22, 2010 – (RealEstateRama) — Senate Majority Leader Martin Looney (D-New Haven) and Senator Toni Harp (D-New Haven) joined New Haven Mayor John DeStefano; State Rep. Juan Candelaria; representatives from the ROOF (Real Options Overcoming Foreclosure) Project, and the Connecticut Fair Housing Center, and residents who have faced foreclosure for a news conference in New Haven today to announce that the state’s landmark foreclosure mediation program is being extended for another two years.

Homeowners Facing Foreclosure Get a Lifeline: General Assembly Extends Mediation Program For Another Year

July 14, 2010 – (RealEstateRama) — Senate President Donald E. Williams, Jr. (D-Brooklyn) joined State Rep. Susan Johnson (D-Willimantic); representatives from the Access Community Action Agency in Willimantic, and the Connecticut Fair Housing Center for a news conference in Willimantic today to announce that the state’s landmark foreclosure mediation program is being extended for another year.

General Assembly Takes Action in Special Session to Help Neighborhoods and Homeowners Affected by Foreclosures

June 22, 2010 – (RealEstateRama) — Senate President Donald E. Williams, Jr. (D-Brooklyn) says action taken today in special session by the General Assembly will help neighborhoods and homeowners in Connecticut cope with the effects of the mortgage foreclosure crisis.

Duff: Action Delivers Foreclosure Mediation Extension to Governor

May 6, 2010 – (RealEstateRama) — The state Senate today took final action on legislation to extend the state’s highly successful foreclosure mediation program for an additional two years, a move shepherded by Banks Committee co-chair Senator Bob Duff (D-Norwalk)