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Connecticut Home Forelcosures - Connecticut Ranked 14th In February 2009 Nationally

By Jamie Dumaine-Russell

Real Estate Agent with RE/MAX Alliance 0754296

March 21, 2009 06:00 PM

According to the latest report furnished by RealtyTrac for February 2009,Connecticut is Connecticut Ranked 14th In February Foreclosures Nationally ranked #14 nationally with a total of 2,220 foreclosure filings which consists of notices of default, auctions and bank owned properties.

With 1 in every 475 homes in foreclosure, Fairfield County has the highest number of foreclousre filings with 737 followed by New Haven County with 614, Hartford County with 461, New London County with 125, Litchfield County with 104, Windham County with 80, Middlesex County with 58 and Tolland County with 41.

This is not good news for the Connecticut Home Foreclosure market as it was ranked 17th back in August 2008.

Connecticut foreclosure filings increased 34% from the previous month and increased 1% increase from February 2008.

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Contact Donna Bigda, e-PRO, Realtor®, RE/MAX Alliance Licensed Realtor® in the State of Connecticut at 203-488-1641, ext. 214 to list your property for sale or to purchase a property in Branford, Guilford, Madison, East Haven, New Haven and the rest of shoreline area in New Haven County Connecticut.

If you're thinking about buying a foreclosure property in Branford CT there are plenty of great buys in today's market and now is one of the best times to buy while interest rates remain low. For more information on Branford CT real estate homes or condos, see Branford CT homes or sign up today to get access the hottest new foreclosure listings here Branford CT homes and condos.

P.S. If you are listing your home as a short sale in New Haven County Connecticut make sure you hire an agent who knows how to do short sales, can give you the expertise to help relieve the uncertainty and most of all, help your family. Call me at 203-488-1641, ext. 214 and let’s get started on the path to recovery.

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Debra Cernick

DeShazer Ryan Realty - Libby, MT

thanks for the update on your state. Hope that the numbers start changing.

Mar 21, 2009 06:02 PM

Katerina Gasset

The Gasset Group & Get It Done For Me Virtual Services - Provo, UT

Amplify Your Real Estate & Life Dreams!

Donna- You are beginning to feel what we have felt. It has to take its course. No one can stop it. It is what it is. Now you can service those short sales.

Mar 21, 2009 06:15 PM

Liz Moras Migic

Chilliwack, BC

Chilliwack, British Columbia - Realtor

Oh man thats not great..........:-() somehow I wouldn't have guessed that your area would be so high!

Mar 21, 2009 06:59 PM

Laura Cerrano

Feng Shui Manhattan Long Island - Locust Valley, NY

Certified Feng Shui Expert, Speaker & Researcher

Donna. I wouldn't have guessed so many parts of CT would have been hit so hard....like Litchfield. They were talking last night about the "steals" in the Hamptons....

Mar 21, 2009 11:27 PM

Bill Gassett

RE/MAX Executive Realty - Hopkinton, MA

Metrowest Massachusetts Real Estate

Interesting Donna. I have not checked to see where Massachusetts falls. I bet we are worse.

Mar 21, 2009 11:32 PM

Ann Allen Hoover

RE/MAX Advantage South - Hoover, AL

CDPE SRES ASP e-PRO Realtor - Homes for Sale - AL

That is lousy news for you guys up there. I see that Alabama is ranked 42......guess that's why I've been able to avoid the foreclosures thus far.

Mar 22, 2009 01:15 AM

George Souto

George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT

Your Connecticut Mortgage Expert

Donna being 14th is not good news for the State, but on the other hand I am in Middlesex county. which is a large county for Connecticut and we only have 58 foreclosures. A lot better than the rich folk in Fairfield County with 475.

Mar 22, 2009 08:12 AM

Kevin Robinson

Twin Falls, ID

Fractional Developer

As a short sale investor i had better take a look at your state. I missed the boat somehow.

Mar 23, 2009 01:14 AM

The Kasey Group

Stratford, CT

Hi Donna, It is great to see that Connecticut Real Esate Agents are blogging. We just posted an article from the Connecticut Post that talks about the steps the City of Bridgeport is taking to fill foreclosed homes.

Mar 24, 2009 01:51 AM

Beth Kellan

Windermere/Cronin & Caplan Realty Group Inc. - Portland, OR

(Formerly Proctor), Portland, OR

Yikes, that is scary. We are seeing more and more short sales & foreclosures in Portland (Oregon, not Main :) ). We have been fairly insulated until recently, partly due to still being affordable but we are all experiencing the pressure of the economy. I knew it was inevitable that I would represent a client in a short sale and I am sure there will be more to come. I think you are smart to be versed in the process, in some areas short sales ARE the market. Good luck!

Mar 24, 2009 04:29 PM

Jamie Dumaine-Russell

RE/MAX Alliance - Branford, CT

Debra - I hope that the numbers will be changing in a more positive direction too.

Katerina - I knew the Northeast would be the last to feel the brunt of this and welcome the opportunity to help those who may be need to do a short sale.

Liz - I was a bit surprised myself to see Connecticut ranked that high. What really surprised me was to see the rise in the Fairfield County area which is where the biggest percentage of expensive homes are.

Carole - I'm afraid we're going to start seeing a lot more steals as these foreclosures continue to rise.

Mar 25, 2009 12:11 PM

Bill- Looks like Massachusetts is sitting right in the middle of the pack. Not great but not real bad either.

Ann - You should consider Alabama very fortunate to be ranked 42nd. Hopefully it will stay there.

George - Middlesex County has faired very well through this so far. The Fairfield County was a real eye-opener for me.

Kasey Group - I think it's so important that we get this information out there good or bad. I'm so happy that Bridgeport is taking steps to do something to help and will check out your post.

Beth - We're definitely starting to see a spike in the number of short sales being listed. While homes here have not depreciated as much as it has in other parts of the country that have really been hit hard it is a hard pill to swallow.

Mar 25, 2009 12:22 PM

Paul Gapski

Berkshire Hathaway / Prudential Ca Realty - El Cajon, CA

619-504-8999,#1 Resource SD Relo

yes they look so nice but Foreclosures are such tough on to stomach.

Dec 06, 2011 03:43 PM

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Jamie Dumaine-Russell

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