After dropping to a 5 year low in 2016, short sales are up again in 2017 at almost 4% of total home sales:
A short sale is the process by which a home is sold for less than is owed on the mortgage to the property, usually the result of falling values, or purchasing or refinancing during a market peak. Bridgeport and Stratford lead the way for the most short sales in Fairfield County, with Stamford, Norwalk, Danbury and Fairfield close behind.
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Last Updated on September 13, 2017 by Minna Reid