📍Foreclosures on the Rise: What Connecticut Homeowners Need to Know Now

Neil Caron
Aug 1
2 min read

August 1, 2025 | Market Watch | Presented by ReadySetLoan™

The first half of 2025 brought an unwelcome milestone: foreclosure filings across the U.S. hit a six-year high, according to ATTOM’s Midyear 2025 U.S. Foreclosure Market Report. More than 185,580 U.S. properties faced foreclosure filings between January and June—a jump of 5% from the same time last year and a stunning 185% increase from mid-2020, when pandemic-era protections were at their peak.

RSL Piggy Points:

🐷 Connecticut saw more moderate foreclosure activity, but the broader regional uptick is a warning sign

🐷 Monthly foreclosure starts are still well below pre-pandemic levels—down 36% from 2019

🐷 The Northeast remains relatively stable, but areas like New Jersey and New York showed higher-than-average increases

While this national increase may seem alarming, Connecticut homeowners haven’t felt the same level of stress—yet. According to industry analysts, much of the increase is driven by judicial foreclosure states still processing pandemic-era backlogs. But for homeowners who’ve recently faced job loss, inflation pressure, or expiring forbearance plans, the risk is real.

🗣️ “We’re not in a housing crash—but this is a correction worth watching,” says Neil Caron, Area Sales Manager at CMG Mortgage. “Homeowners with adjustable-rate mortgages or recent job instability may find themselves stretched. That’s where expert guidance becomes critical.”

The Silver Lining: Equity Still Offers a Lifeline

Despite the spike in filings, most homeowners remain equity-rich, meaning they still have options to avoid foreclosure. Home values in Connecticut remain strong in many markets, providing breathing room for those who act early.

If you're falling behind—or feel like you're approaching the edge—you don’t have to navigate it alone.

🏁 RSL Perspective

At ReadySetLoan™, we believe financial setbacks shouldn’t define your future. Our expert team can walk you through your options—from loan modifications to home equity strategies—so you can stay in your home or move forward with clarity.

We’re not lenders. We’re your homeownership resource partner.

If you're worried about missed payments or want to get ahead of future risks, let's talk.

Connect with ReadySetLoan™ today to understand your options and take the next right step.