Connecticut Home Foreclosures - Connecticut Ranked 24th In August 2009 Nationally
According to the latest report furnished by RealtyTrac, Connecticut is 
ranked #24 in August 2009 nationally with a total of 2198 foreclosure filings which consists of notices of default, auctions and bank owned properties. This represents an increase of 40.09% for Connecticut home foreclosure filings from July 2009. Total foreclosure activity in Connecticut increased 22.25% from August 2008. Connecticut was ranked #29 in foreclosure filings in July 2009.
With 1 in every 547 homes facing foreclosure, Fairfield County has the highest number of foreclousre filings with 640 followed by New Haven County with 577, Hartford County with 470, New London County with 136, Litchfield County with 130, Middlesex County with 97, Windham County with 85 and Tolland County with 63.
For the month of August 2009, the Top 10 areas New Haven County having the highest amount of new foreclosure activity are:
Waterbury - 101
New Haven - 83
Meriden - 55
Hamden - 43
West Haven - 39
Milford - 36
Naugatuck - 33
East Haven - 31
Ansonia - 17
Branford - 16
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 7,794 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 still low. To get more information on available homes, 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
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 Foreclosures - Connecticut Ranked 24th In August 2009 Nationally*
Donna that's a lot of foreclosure, great that you have the training to help some of these home owners.
Donna - well 24th sounds good to us in California where we rank 2 or 3 back and forth with Florida. Interesting that the most expensive county has the highest number. Wonder if all the Wall street issues tie into that statistic?
Jeff
Jennifer - I was a bit surprised to see how much it increased from last month. Looks like we're not quite out of the woods yet.
Jeff - Sitting in the middle of the pack is not bad considering how other states like yours are still feeling the pain. I wouldn't doubt that the higher number of filings in Fairfiled County have a lot to do with the issues from the financing arena on Wall Street.
Donna, Georgia is ranked # 9. If we are 9, I would hate to see how bad the first 8 are doing!
Jim - I noticed that as I looked at the stats for last month. This is just one of those categories that you don't want to be in the Top 10 for.
Ms. Ambassador! ;-)
This was an eye opener, for sure. Fairfield county with the highest number of foreclosure filings, and Waterbury has the most for any city...hmmmmm...but does foreclosure filings actually mean that the homes are foreclosed upon? I'd like to see the comparison on that...
Hey William! - Thanks for noticing my ambassadorship. :) I've noticed over the past few months that Fairfiled County has been up there with the highest number of foreclosures. The information includes lis pendens, bank owned and aucton properties. You can get tons of information from the Realty Trac website.