In July, new foreclosure actions in Connecticut tripled from a year earlier, according to a new study, representing the biggest increase in the nation.
New Jersey had the second biggest spike in foreclosures at more than 160 percent from July 2011, RealtyTrac found, with the Irvine, Calif.-based company tracking default notices, scheduled auctions and bank repossessions. Nationally, foreclosure filings dropped 6 percent from June 2012 but were still up by 6 percent from July 2011.
In Fairfield County, RealtyTrac lists some 450 homes undergoing pre-foreclosure proceedings, another 80 at auction, and more than 850 in the hands of banks as a result of foreclosure. In the past three months, 1,200 foreclosed homes in Fairfield County have been bought, RealtyTrac figures show.
“Recent foreclosure activity patterns vary significantly from state to state, often hinging on the level of dysfunction that exists in each state”™s foreclosure process,” said Daren Blomquist, vice president of RealtyTrac, in a prepared statement. “In states like Florida, Illinois and New Jersey, where processing and procedural issues slowed foreclosure activity to a crawl last year, foreclosure numbers continue to rebound off those artificially low levels.”
