Guide to Connecticut Foreclosure Listings

Connecticut ranks high on the list of state foreclosures. Discount pricing for homes and land ranges from urban centers to the beautiful countryside. Each foreclosure listing in Connecticut provides opportunity for the investor. The majority of home foreclosures in Connecticut begin when a lender files court proceedings due to the borrower's default on a mortgage.

Search by category. For a specific foreclosure listing, Connecticut, companies may provide the information free or charge a nominal fee. Other possibilities include bank owned real estate, auctions and pre-foreclosures. Many people place their homes up for sale in pre-foreclosure, before the court files a case. This provides advantages for both the buyer and the seller who wants to get out from under the mortgage before a legal foreclosure. Searching for the right property requires time to investigate potential liens and calculate the total cost.

When searching for a foreclosure listing, Connecticut is no different than any other state. Determine your maximum price allocation, desired property features and location. Then look into the categories:

1. Find a foreclosure listing in Connecticut with pre-foreclosure offerings.

2. Find Connecticut house foreclosures through bank lists.

3. Find auction listings with details and dates for the auction.

Action Steps
The best contacts and resources to help you get it done

Use free Connecticut foreclosure listings

Free foreclosure Connecticut lists have complete details and updates. You'll need to register to gain full access.

I recommend: Register, then customize your search for Connecticut foreclosures at EmailForeclosues.com.

Pay a fee after your trial to see a foreclosure listing in Connecticut

A fee-based foreclosure listing in Connecticut provides updated information and may be more accurate than a free listing. Many offer bankruptcy, HUD, auctions and pre-foreclosure properties. Full details for each listing are provided.

I recommend: Sign up for a 7-day trial at foreclosure.com. A weekly fee applies after the trial expires.

Search Connecticut foreclosures in pre-foreclosure stage

Pre-foreclosure means the owner needs to sell the property before the bank starts the foreclosure process. Look at the property to determine its value and talk with the owner to determine possible repair costs before buying.

I recommend: Begin a free trial after registering to obtain all the information and email alerts at RealtyTrac.com.

See Connecticut bank foreclosures

Banks obtain real estate when a borrower defaults. These real estate owned (REO) properties are usually offered at a 10% to 15% discount to the market, because the bank does not want to carry the foreclosed property on its books.

I recommend: Register for a low fee trial at Bank Foreclosures Sales with listings throughout the state.

Look at auction foreclosure -- Connecticut offers deep discounts

Connecticut law provides for a public auction to recover equity that exceeds the debt. The court provides a date, typically between 60 to 90 days after a court ruling. The winning bidder must pay the balance within 30 days of sale.

I recommend: Get access to the entire state’s auction with a minimal one-time fee at Government-Auctions-Guide.

Tips & Tactics
Helpful advice for making the most of this Guide

• Judicial home foreclosures in Connecticut usually take 62 days to process.
• After a winning auction bid is made, the court has two weeks to approve the sale. Within this period, the law gives the borrower the right to redeem her property by paying off the mortgage and all costs.

The official source of Connecticut Foreclosure Listings is
the Connecticut Foreclosure Listings page at Business.com