In a recent interview with the Waterbury Republican American newspaper, Gene Melchionne was asked what he thought was the case of these increased foreclosure filings. The answer is simple. To make a mortgage payment, you need to have a job that pays. To live in Connecticut, you need to have a job that pays well. Sometimes you need two or three of these jobs.
It is not cheap to live in this state. To hold on to what you have here, you need to make more than the average American. While Connecticut regularly trades places with New Jersey as one of the highest average income states in the U.S, that average is skewed by some really, really wealthy people who live here. Unfortunately, that does not help he average guys who're my clients.
With the end of the Federal programs on mortgage modification and the lowering standard of living here in Connecticut you may need help. If you re facing financial stress and the possibility of foreclosure, there are still some avenues to treat the problems. Don't wait too long to see help. My contact information is right here.