National Foreclosures Down, But Up in Connecticut - NBC Connecticut

National Foreclosures Down, But Up in Connecticut



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    Connecticut foreclosure rates are higher that the national average.

    New foreclosure numbers are offering cautious optimism that the economy might be turning the corner, but not here. 

    According to RealtyTrac, the number of properties filing for foreclosure is down 9 percent from March to April.  Compared to April of 2009, filings are down 2.4 percent.

    Here in Connecticut, it's an entirely different story.  Foreclosure filings were up 4.4 percent in April compared to the previous month, and are up 34 percent over the sane time last year.

    One in every 495 households in Connecticut has filed for foreclosure, which ranks 16th highest in the nation.

    Nevada remains the state with the highest rate of foreclosures for the 40th consecutive month. 

    Last week, the General Assembly passed a bill extending the state's foreclosure mediation program. 

    Gov. M. Jodi Rell is expected to sign the bill into law.