Connecticut Real Estate Attorney Law Blog

New Connecticut Foreclosure Advertising Procedures

Most foreclosures in Connecticut occur without there being an actual auction.  When there is no equity in the property,  the foreclosure is done by what is known as a strict foreclosure, and there is no auction and the Superior Court (all Connecticut foreclosures are judicial) determines when title vests in the bank (as long as no one redeems).  See my prior blog post summarizing the foreclosure process in Connecticut.

In those cases where there is a public auction, until a November 1, 2009 change in court procedure, the foreclosure sales were only advertised in the newspaper local to the property.  There was no central listing of foreclosure auctions from all the different court houses.  However, for foreclosure judgments entered after November 1, 2009, the foreclosure sale will be advertised both in the local paper and on the Connecticut Judicial Branch web site.  Because the online ads for the foreclosures are being phased in, at this time (11/9/09) there are not that many online foreclosure advertisements listed.  Over the next couple of months, all foreclosures by sale will be listed on the Judicial website.

Hopefully the new advertising procedure, which includes the ability to insert a picture and some descriptive information, will result in more traffic at the foreclosure sales and better auction prices.  Please feel free to contact me with any foreclosure or real estate law related questions in Connecticut.

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About the author:  Attorney Begemann is a member of the Connecticut Bar and practices real estate and business law in Connecticut.  As an experienced real estate attorney he represents individuals and lenders in residential and commercial loan closings across Connecticut, including the purchase, sale and refinance of real estate.

Attorney Paul H. Begemann, 2764 Whitney Avenue, Hamden, CT  06518

Phone 203-230-8739                                       Fax 800-483-1904

email

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2 commentsPaul Begemann • November 09 2009 10:29PM

Comments

Thanks for the link to that website. I couldn't find it any where else.

Posted by Jonathan Hall, Realtor Danbury,CT Area Real Estate~203-417-0523 (William Pitt Sotheby's International Realty) almost 3 years ago

Good luck, I think over the coming weeks you will see alot more foreclosure ads posted there as the program fully ramps up.

Posted by Paul Begemann (Attorney Paul H. Begemann) almost 3 years ago

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