Mortgage woes lead to more foreclosures

Connecticut's foreclosure filings declined between June and July, but the number is still up for the year so far and is approximately 100 percent higher than the July 2006 filings.Nationally, the number of foreclosure filings last month jumped 93 percent from July 2006 and rose 9 percent from June, the latest sign homeowners are having trouble making payments and finding buyers during the national housing downturn.

Training & Business Development: How to Convert a FSBO

Galand Haas’ FSBO “other” Web site has added a whole new dimension to his prospecting business, and the beauty of it is that clients don’t even know they’re being prospected. Galand employs a unique approach on the Web site, which is rapidly gaining popularity among agents and brokers looking to capitalize on the growing percentage of Internet-savvy consumers who research buying and selling on the Web—long before they ever contact an agent.

Staging a Successful FSBO Campaign

Here is a gloomy scenario from every real estate agent’s war chest. You just gave your best listing presentation and the homeowner responded like this: “I think I’ll try to sell it on my own first.”

One New Foreclosure Filing for Every 879 U.S. Households, Activity Remains High

Foreclosure listing activity across the nation remained at a high level in the month of July 2007. The total number of properties either entering or moving through some stage of the foreclosure process was 131,574 or one foreclosure for every 879 households in the U.S.According to data compiled by Bargain Network (bargain.com), an online provider of real estate foreclosures, the number of residential homes either entering or moving from one stage of foreclosure showed little movement.

Home sales down, but prices up

Connecticut home prices rose for the second straight month in May, but sales sank 14 percent, The Warren Group reported Tuesday. The state's median price for single-family homes was $288,000 in May, up 5 percent from $275,000 a year ago. Through the first five months of the year, the statewide median price rose 2 percent from a year ago, from $270,000 to $275,000.

Luxury condos not luring buyers yet

FAIRFIELD — Seven years ago, Southport Village Partners, LLC paid $5.28 million for 4.4 acres near the Southport Railroad Station. The vacant property, across from Wakeman Boys/Girls Club, was sold in an auction in the town's Probate Court by the estate of Frank Dawid.

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MURPHY CRITICIZES CONTINUED NEGLIGENCE AND ABUSE AT HOMES FOR DEVELOPMENTALLY DISABLED;...

Following continued alarming reports of negligence and abuse at homes for developmentally disabled residents, U.S. Senator Chris Murphy (D-Conn.), a member of the U.S. Senate Health, Education, Labor, and Pensions Committee, committed to introduce legislation to address this issue. The second investigation released today by the Office of the Inspector General (OIG) of the Department of Health and Human Services outlined issues in Massachusetts similar to those found in the OIG investigation into Connecticut, which was released on May 24, 2016

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Attorney Involved in Scheme that Targeted Distressed Homeowners Sentenced to 30...

Deirdre M. Daly, United States Attorney for the District of Connecticut, announced that BRADFORD BARNEYS, 51, of Odenton, Maryland, was sentenced today by U.S. District Judge Michael P. Shea in Hartford to 30 months of imprisonment, followed by three years of supervise release, for conspiring with Timothy W. Burke in a long-running fraud scheme that targeted distressed homeowners throughout Connecticut. BARNEYS was an attorney licensed to practice in Connecticut and has an office in Bridgeport.