Foreclosure Archives - Reid Real Estate Group

Category Archives for "Foreclosure"

All about the Connecticut foreclosure. Learn about the process and alternatives to foreclosure.

Foreclosures start to creep back into the Connecticut real estate market…

foreclosures in ct

In March 2020 as part of the CARES ACT a moratorium on foreclosures on all federally backed loans in the USA due to the covid-19 pandemic. The moratorium was subsequently extended multiple times until its final expiration 17 months later in July 2021.  August 2021 marked the return of most foreclosures.  the CT foreclosure market […]

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Connecticut home sale prices continue to fall and short sales and foreclosures return to market!

ct market report 2021 4th quarter

Its been a great year for Connecticut sellers, but are things about to take a nosedive? While 2021 overall has seen record sale prices and marketing times, a look at the last few months tells a different story!THE GOOD NEWS: The average sale price of a CT home in 2021 is currently $306,000 – an […]

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CT distress shadow inventory looms behind a raging sellers market…

foreclosures loom in ct

Connecticut sellers can celebrate another year of drastic price increases and a strong sellers market! Despite the massive economic losses caused by the governors coronavirus lockdowns, the Connecticut housing market continues to boom! But…for how long?2021 sets off with a new record median sales price of $287,000! Home sale prices jumped 15% year over year […]

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January 11, 2021

When do forbearances end and foreclosures resume?

when will foreclosures resume

When do the CARES Act protections end?The CARES Act (Coronavirus Aid, Relief, and Economic Security Act) was enacted in March 2020 and contains provisions to help borrowers with federally backed mortgage loans get through pandemic related financial challenges. But 9 months and many extensions later, the various federal agencies are taking a piecemeal approach to […]

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Hamden, CT foreclosures and short sales JUMP in 2019!

cart carrying foreclosed homes and short sale homes

Hamden, CT Distress Market Report 2019Despite several years of gains in the marketplace, Hamden year to date home sales show a massive increase in the rates of foreclosed homes and short sales. After dropping down to an 8 year low of 14% of all homes sold, The current rate of distress sales is currently at […]

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