Know how CT foreclosure law will affect you

Laws on foreclosure vary considerably by state so you should be familiar with at least a summary of foreclosure laws in Connecticut. You should also read your loan documents to know what your lender can do if you can't make your payments.

I recommend: Advantage Mitigation Services summarizes the foreclosure laws in Connecticut and outlines the foreclosure recovery process. In addition to a summary of Connecticut law, American Foreclosure Specialists provides a description of possible strategies for avoiding a foreclosure on your home.

Get assistance with Connecticut foreclosure recovery information

There are housing counselors and online resources available to help you understand your options, assist you in organizing your finances and negotiate with your lender if needed.

I recommend: The Home Loan Learning Center offers extensive resources, including an online quiz for assessing your risk of losing your home. Visit the National Foundation For Credit Counseling’s Homeowner Crisis Resource Center for information and tools to get started understanding your foreclosure options.

Retain a foreclosure attorney in CT

You may need a Connecticut foreclosure attorney to protect your interests, especially if you need to sign documents. If your regular attorney does not handle Connecticut foreclosure law, he or she may be able to make a referral.

I recommend: Jones, Damia, Kaufman, Borofsky & DePaul is a full-service law firm in Danbury that includes residential real estate as an area of practice. Weinstein, Weiner, Ignal, Napolitano & Shapiro is located in Bridgeport and represents clients in real estate matters.

Watch out for mortgage recovery scams

The Federal Trade Commission warns that there are plenty of bad guys operating in the foreclosure recovery business who will take your money and provide no service. Some warning signs, according to the FTC: advertising terms like "guarantee" and "97% success rate", upfront fees before services and company names or websites designed to make you think you're dealing with a government or nonprofit agency.

I recommend: Educate yourself about foreclosure recovery scams through the Federal Trade Commission.  The FTC recommends you only seek foreclosure help from government sanctioned counseling agencies like the ones recommended by the U.S. Department of Housing and Urban Development or the federal Making Home Affordable program.