Allow for market sales of foreclosed properties

While Homefront Connecticut strongly advocates for policies that keep people in their homes, there are situations where this goal simply cannot be achieved. When these unfortunate circumstances arise, and a lender initiates foreclosure proceedings, they often use auctions and other restrictive means of selling a house to recover costs. This process can have a devastating effect on the property values of neighboring homes and can stigmatize neighborhoods and entire communities.

Allowing for the market sale of foreclosed properties would be an incredibly effective way to maintain local property values and erase the stigma associated with selling off real estate through auctions and other means.