According to the latest report furnished by RealtyTrac for May 2009, Connecticut is 
ranked #33 nationally with a total of 1196 foreclosure filings which consists of notices of default, auctions and bank owned properties. This represents an decrease of nearly 25% for Connecticut home foreclosure filings from March 2009. Total foreclosure activity in Connecticut was down 32% from May 2008 and down 49% from April 2009. Connecticut was ranked #19 in foreclosure filings in April 2009.
With 1 in every 1045 homes facing foreclosure, New Haven County has the highest number of foreclousre filings with 334 followed by Fairfield County with 283, Hartford County with 238, New London County with 58, Windham County with 53, Litchfield County with 51, Middlesex County with 45 and Tolland County with 44. While there is still a continued weakening in the financial and manufacturing sectors and a flattening of the job market the numbers for this month are showing a small sign of impovement in the number of foreclosures for the state.
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If you're thinking about buying a foreclosure home in Connecticut there are great buys in today's market and now is a great time to buy while interest rates are stil low. To get more information on available homes, contact Donna or start your home sear here - New Haven County real estate or call me directly at 203-488-1641, ext. 214.
There are options availabe to homeowners today facing foreclosure including a short sale or loan modification. If you are considering listing your home as a short sale be sure to choose a Realtor with the CDPE designation. An agent who has earned the Certified Distressed Property Designation has dedicated their time and effort to understanding the issues distressed homeowners are dealing with and who understands the full range of solutions and is ready to help.
A short sale is an emotional transaction, but as a Certified Distressed Property Expert, we help you take the stress out of losing your home to foreclosure. Successful short sales include all property types, including condos, townhomes multi-family homes, single-family homes, luxury estates and waterfront homes.
Donna Bigda, CDPE
Licensed Connecticut REALTOR®
10 Pine Orchard Road
Branford, Connecticut 06405
Call Donna at 203-488-1641, ext. 214
Fax 203-315-2127
by email Donna@DonnaBigda.com
or visit www.DistressedHomeownersHelpline.com
Mortgage Assistance Relief Services Disclosure
RE/MAX Alliance is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit rating. RE/MAX Alliance is not engaged in the practice of law nor gives legal or tax advice. It is strongly recommended that you seek appropriate professional legal counsel and tax advice for any real estate transaction.
Copyright © 2009 by Donna Bigda, All Rights Reserved ...*Connecticut Home Forelcosures - Connecticut Ranked 33rd In May 2009 Nationally*
Donna, that is very interesting information. We are dropping. I hope this trend is going to continue, that there is not another shoe dropping later on.
Wow. Great opportunities for some buyers or investors, but sad to see the numbers increasing.
Lets hope you get lots of buyers to buy them up quickly so we can clear them out and return to normal !!!
Donna this is one statistic that I look forward to seeing go down even more. Thanks for the info and the break down by Counties.
Andrea - I was happy to see that Connecticut has been steadily dropping over the past couple of months and sure do hope that this trend continues.
Sheldon - Where I am in New Haven County has bit hit pretty hard with foreclosures but buyer activity has been picking up steadily which is a good sign for everyone.
George - That makes two of us. Let's hope we're finally starting to see a slowdown in the amount of properties going into foreclosure.
Donna, this is a fantastic tie-in with your CDPE designation. Great idea!
yes they look so nice but Foreclosures are such tough on to stomach.