In the Southern Connecticut region, new
foreclosure cases have increased nearly four-fold from only 1,200 new
cases in 2005 to 4,600 new cases in 2009. Foreclosure cases remained
high
in 2010 with 3,900 new cases along with 1,150 completed foreclosures,
the
highest in any year from 2005 to 2010. * The rate of lis pendens filings was calculated by dividing the number of lis pendens by the number of 1-4 family properties. The number of 1-4 family properties was estimated by ROOF using 2000 census data. Since 3 and 4 family properties are aggregated in the census data, the number of properties was derived from the number of units by assuming that 2/3 of the properties were 3-family and 1/3 were 4-family properties. This may slightly understate the number of separate properties, and thus the lis pendens filings rate.
For more information and data related to foreclosures: LISC: Foreclosure Research & Data Foreclosure data by year and town in CT: CHFA Research Data Foreclosure resources from the Federal Reserve Bank of Boston |


