Connecticut foreclosure filings rose by 3 percent in February compared to the previous month, and remain at elevated levels from a year ago, according to RealtyTrac, a Calif.-based foreclosure listings company.
There were 2,294 foreclosure filings reported in Connecticut last month, which included default notices, scheduled auctions and bank repossessions, according to the report. That was a 3 percent increase from the 2,218 filings in January and the 2,220 filings in February 2009.
One in every 629 housing units in Connecticut received a foreclosure filing last month, ranking the state 16th overall.
Nationally, there were 308,524 foreclosure filings in February, a 2 percent decrease compared to the previous month, but a 6 percent increase from a year ago.
Nationally, one in every 418 housing units received a foreclosure filing.
“The 6 percent year-over-year increase we saw in February was the smallest annual increase we’ve seen since January 2006, when we began calculating year-over-year increases, but it still marked the 50th consecutive month of year-over-year increases in foreclosure activity,” said James J. Saccacio, chief executive officer of RealtyTrac. “This leveling of the foreclosure trend is not necessarily evidence that fewer homeowners are in distress and at risk for foreclosure, but rather that foreclosure prevention programs, legislation and other processing delays are in effect capping monthly foreclosure activity – albeit at a historically high level that will likely continue for an extended period.”
