Foreclosures Are Rising—And Connecticut Is Now a Top 10 At-Risk State
- Neil Caron
- 5 days ago
- 1 min read
Foreclosure activity jumped 11% in the first quarter of 2025, according to the latest U.S. Foreclosure Market Report. Nearly 94,000 homes nationwide received a foreclosure notice between January and March—and Connecticut is now one of the top ten states most affected.
🔹 Connecticut ranks #9 in foreclosure rate, with one in every 1,182 homes receiving a filing in Q1 2025.
"This isn’t just a blip,” said Neil Caron, Area Manager at CMG Mortgage. “We’re seeing the effects of rising debt, inflation, and economic fatigue finally catch up to many homeowners—especially in states like Connecticut where affordability remains a challenge.”
Why This Matters to You:
Foreclosure starts increased by 14% this quarter.
Bank repossessions rose 8%.
The average foreclosure timeline is speeding up—down 12% from last quarter.
📉 Homeowners in Connecticut need to be proactive. Whether you're falling behind or just want to understand your options, ReadySetLoan is here to guide you through this market shift. As your educational partner, we help you make sense of tough topics like foreclosure risk, equity loss, and financial resilience.
Top 10 States at Highest Foreclosure Risk (Q1 2025)
💡 RSL Perspective (Straight from the Piggy Bank):Connecticut’s spot in the top ten is a warning—not a guarantee. If you’re a homeowner, now is the time to check in on your mortgage health. Early intervention and smart strategy can help you stay ahead.
🛎️ Take Action:Don't wait until it's too late. Visit ReadySetLoan.com for foreclosure resources, expert tips, and personalized guidance.
Let me know if you'd like this post formatted for your site or resized for social!
Comments