According to the latest report furnished by RealtyTrac for July 2009, Connecticut is 
ranked #29 nationally with a total of 1569 foreclosure filings which consists of notices of default, auctions and bank owned properties. This represents an increase of nearly 8% for Connecticut home foreclosure filings from June 2009. Total foreclosure activity in Connecticut dropped 22% from July 2008. Connecticut was ranked #33 in foreclosure filings in May 2009.
With 1 in every 827 homes facing foreclosure, New Haven County has the highest number of foreclousre filings with 422 followed by Fairfield County with 391, Hartford County with 338, , New London County with 170, Litchfield County with 93, Middlesex County with 59, Windham County with 52 and Tolland County with 44. A continued weakening in the financial and manufacturing sectors and a flattening of the job market has been a contributing factor in Connecticut home foreclosure filings. This brings Connecticut to a total of 6,218 foreclosue filings year to date.
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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 search 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 and we can 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 29th In July 2009 Nationally*
Donna, I guess being in the middle of the pack is not so bad. That is one catagory that I would hate to be number one in.
George - Considering that Connecticut was ranked 13th back in March, it's an optimistic sign that we're going down in rankings nationally instead of up.
yes they look so nice but Foreclosures are such tough on to stomach.