State defies increase in foreclosures

Greenwich Time - State defies increase in foreclosures: "Connecticut's wealth and strong housing market are staving off high foreclosure rates that have plagued other parts of the nation, according to foreclosure database companies.

Last month, Foreclosure.com reported that Connecticut was among the states with the fewest number of foreclosed homes, with 142.

Though thousands of property owners were notified of defaulted loans, the state showed an average of 60 new foreclosures each month and a 37 percent drop in active foreclosures since the beginning of the year."
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