The foreclosure rate for outstanding mortgage loans in the Bridgeport-Stamford-Norwalk area was 1.59 percent for April 2016, a decrease of 0.35 percentage points compared with April 2015”™s 1.94 rate and March 2016”™s 1.66 percent, according to property information and analytics firm CoreLogic.
The national foreclosure rate for April 2016 was 1.03 percent, it said.
In addition, the mortgage delinquency rate in Bridgeport-Stamford-Norwalk decreased for the month, with 3.66 percent of mortgage loans 90 days or more delinquent compared with 4.74 percent in April 2015 and 3.76 percent in March 2016. The national figure for April 2016 was 2.94 percent, compared with 3.68 percent a year ago.
Kevin, I am an attorney with a very large foreclosure defense practice. While your numbers don’t lie, I can tell you that from the front lines, the number of foreclosures has recently begun to tick up again after the presumed delays resulting in changes in mandatory pre-foreclosure procedures of plaintiffs and their attorney’s in Connecticut.