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February 26, 2008

Conn. among states with highest foreclosure rates

Connecticut ranked eighth in the country for highest foreclosure rates in January, including 3,697 properties with foreclosure filings. That's a nearly 185 percent increase from January 2007. 

RealtyTrac today released its January 2008 U.S. Foreclosure Market Report, which shows foreclosure filings -- default notices, auction sales notices and bank repossessions -- were reported on 233,001 properties across the country during the month, an increase of 8 percent from the previous month and an increase of nearly 57 percent from January 2007.

Nevada, California and Florida had the highest state foreclosure rates in the nation.

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