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Old 01-17-2010, 11:03 PM
 
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Is there a housing bubble in Fairfield county? Are the foreclosures hitting the towns like Greenwich, Darien, Westport, Fairfield, New Canaan, and other "wealthy" towns?

Thanks
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Old 01-17-2010, 11:05 PM
 
Location: Fairfield, CT
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There was definitely a housing bubble here, and prices have fallen substantially in a lot of areas.

There have been some foreclosures in the wealthier towns, but not as many as in the poorer areas.
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Old 01-18-2010, 05:01 PM
 
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the bubble popped last year in those wealthy towns.
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Old 01-18-2010, 09:42 PM
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Quote:
Originally Posted by smile116610 View Post
Is there a housing bubble in Fairfield county? Are the foreclosures hitting the towns like Greenwich, Darien, Westport, Fairfield, New Canaan, and other "wealthy" towns?

Thanks

Yes. The real estate market will take a few more years to sort itself out.
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Old 01-19-2010, 07:31 AM
 
Location: Connecticut
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Yes the market has slowed but don't expect it to be like other parts of the country with super bargain prices. It is not great but it is not horrible either. JMHO, Jay
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Old 01-19-2010, 09:26 AM
 
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https://sso.eservices.jud.ct.gov/for...?Caller=Public

The state's judicial system is now posting foreclosure sale properties on the state's website.
Yes, high end towns are listed too.
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Old 01-19-2010, 09:12 PM
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Originally Posted by seymourct View Post
https://sso.eservices.jud.ct.gov/for...?Caller=Public

The state's judicial system is now posting foreclosure sale properties on the state's website.
Yes, high end towns are listed too.

That's a great source of information. However, the foreclosures listed on that website will mostly occur within the next 1-60 days. +/-

This is not over. More foreclosures to come folks.
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Old 01-20-2010, 12:53 PM
 
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True that there is more to come, I think the reason that the homes don't make it to the list until the very last minute, is for privacy reasons. That gives all concerned the chance to work it out, with out being harrassed by gawkers hoping to profit from some one else's misery. If it is on the list is is a done deal that it going to be auctioned.
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Old 01-20-2010, 06:40 PM
 
Location: Near the Coast SWCT
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I definetly recommend just going to one of these auctions just to see the process. Its very interesting. And note: You need to register to make a bid PLUS give a certified bank check to the committee involved with the auctions.

Keep in mind realtors sometimes go to these auctions to soak up great deals and turn around to sell them to the open market for a profit.

Do your homework and find out the true value of the property then realize that you wont have the chance to inspect so make your final bid substantially less! (unless you know differently )
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Old 01-20-2010, 09:08 PM
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Originally Posted by seymourct View Post
True that there is more to come, I think the reason that the homes don't make it to the list until the very last minute, is for privacy reasons. That gives all concerned the chance to work it out, with out being harrassed by gawkers hoping to profit from some one else's misery. If it is on the list is is a done deal that it going to be auctioned.
I could be wrong, but I believe pending foreclosures are considered to be public records, and are therefore not eligible for privacy reasons.

Perhaps a CT attorney can confirm this?
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