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Search all Connecticut Foreclosures for Sale - Bank Owned Homes, Condos and Townhomes.

Why all the hoopla and news lately about Connecticut foreclosure homes?

Connecticut Foreclosed bank owned homes offer significant discount. There are many opportunities for CT home buyers today, especially when it comes to  foreclosed and bank owned homes.

These homes are usually purchased at a large discount and there are no emotional home sellers to deal with! What most home buyers do not know is to be able to successfully buy a foreclosure home in or around Connecticut, they need to stay on top of the latest foreclosure listings. Timing is of the essence for the successful purchase of REO (real estate owned) properties! Bookmark this page to see all the latest listings in the Greater New Haven area.  Or, better yet, create a VIP account that will allow you to set up multiple searches which will be emailed to you as soon as a foreclosure home in your price range and in your desired area comes up on the market. See all New Haven, Hartford, and Litchfield County foreclosures at a click of a mouse below:

Foreclosure

The word foreclosure for many property owners conveys the images of possible financial ruin, dread and fear. While for others, including many real estate investors and home buyers, the word conjures up visions or positive investment or economic opportunity.  Regardless of your personal perspective, A New Haven County Foreclosure is possibly the most misunderstood aspect of the residential real estate market.

Latest Foreclosures - Search Dave Jones Realty Foreclosed Homes for Sale Click Here

Purchasing real estate or homes directly from the bank or lender is preferred by many real estate investors and home buyers because it can be a more predictable and less-emotional home purchase process than buying from the distressed seller who is facing foreclosure and may or may not go through (or be able to deliver title) with the transaction.

Learn How to Buy Foreclosures

First, most home buyers do not realize the first misconception - and it's a big one! Not every Bank Owned Property or REO is good deal. Many banks with property for sale in the Central Connecticut area seek to obtain market value for properties that they have foreclosed on in order to attempt to recoup as much of their losses against their loan balance as possible. Others lenders are more focused on liquidating REO (Real Estate Owned - an Accounting Term for Banks) inventory as these properties represent non-performing assets have a severe negative impact on the lenders books and financial condition. We have extensive knowledge of the foreclosure market and have relationships with asset managers and REO bank officers -- knowledge which is very valuable to a home buyer or investor looking to pick up a foreclosure at a bargain price.

Facing Foreclosure - Stop Foreclosure - Is a Short Sale Right for You?

You can stop foreclosure on your Connecticut area Home.  For CT homeowners struggling to make payments or sitting with a home or condo with no or negative equity (and unable to refinance a rapidly increasing adjustable loan) the options may seem dismal.  Many Connecticut area home sellers are looking at the possibility of facing foreclosure.

Every Week, we receive calls from area homeowners who need help immediately - in order to avoid foreclosure!  If this is the case with your situation or someone you know in the greater Connecticut area, you've come to the right place… See our Stop Foreclosure - Connecticut Short Sale Help Center to learn about your options to avoid foreclosure. 203-758-0264

Are you behind on your house payments? One of the scariest things in life can be staring into the face of a foreclosure. We are experts in stopping foreclosure FAST!

If you are an owner of a Connecticut Home or real estate and wish to understand what options you may have in avoiding foreclosure or possibly even walking away from your mortgage obligation, fill out the contact form on the right or contact us at  to schedule a confidential short sale consultation.

The foreclosure process for a Connecticut home owner is initiated when a lender files a Notice of Default, or NOD, with the County Recorder after a borrower defaults on their mortgage.  The foreclosure process ends when:

Within the mandated grace period of 21 days, as determined by Connecticut state  law (the pre-foreclosure period), the homeowner (borrower) has several options

1). The homeowner pays the lender the amount needed to reinstate the loan, or

2). The home seller who has defaulted is able to sell to a buyer during the pre-foreclosure time period, at a price that will allow the borrower (home seller) to pay off the loan. A situation where the loan is greater than the sale amount, but the lender agrees to a loan pay off that is less than what is owed is referred to as a short sale, or short pay. or,

3). At the end of the pre-foreclosure period a trustee sale occurs on the 'courthouse steps' and the defaulted property is sold at a public auction to a third party, or

4). The lender (Bank) takes ownership of the property through an written agreement (deed-in-lieu agreement) with the homeowner (borrower) during the pre-foreclosure 21 day time period, or

5). The Bank (lender) buys the property at the trustee sale. if this occurs, the bank-owned property is referred to as a real estate owned asset, or REO.

The Hottest Foreclosures in CT

37 Evergreen  Avenue, Middletown image
37 Evergreen Avenue, Middletown $214,900

Don't miss your chance to own a piece of history in our vintage colonial with it's classic charm in Middletown ! This unique & charming home has had some reno work done a...

  • 3 Beds
  • 1 Baths
  • 170559069 MLS
97 Roosevelt  Avenue, Norwich image
97 Roosevelt Avenue, Norwich $275,500

Spacious 2-family home. Each unit has 1 bedroom and 1 bathroom and features a spacious living room, Dining Room with Hardwood floors and updated kitchen and Bathroom. Fre...

  • 2 Beds
  • 2 Baths
  • 170559194 MLS
7 Cypress  Road, Montville image
7 Cypress Road, Montville $369,900

Nothing to do here but pack your bags and move right in. One floor living in this ranch style home. New roof, new siding, remodeled kitchen with granite countertops, til...

  • 3 Beds
  • 2 Baths
  • 170559115 MLS
9 Fruit  Street, Winchester image
9 Fruit Street, Winchester $178,500

Large multi family home on a level lot. This home features off street parking and a detached garage with muliple bays and a workshop. Located close to local amenities, th...

  • 4 Beds
  • 2 Baths
  • 170559091 MLS
10 Gail  Drive, North Haven image
10 Gail Drive, North Haven $449,900

Enjoy one level easy living in this move-in condition, pristine 4 Bedroom, 2 Bath ranch with oversized 2-car attached garage. Open and spacious kitchen with hardwood floo...

  • 4 Beds
  • 2 Baths
  • 170558696 MLS
86 Grilleytown  Road, Waterbury image
86 Grilleytown Road, Waterbury $225,000

INVESTORS TAKE NOTICE!! Renovation is 85-90% complete. All the heavy lifting has been done. Only big items left to finish are the Kitchen and vanity in the Bathroom. It i...

  • 3 Beds
  • 1 Baths
  • 170558883 MLS
45 Coult  Lane, Old Lyme image
45 Coult Lane, Old Lyme $389,900

Situated in the Old Farms subdivision, this Colonial style home features a front to back living room with fireplace, dining room, family room with fireplace, 4 bedrooms o...

  • 4 Beds
  • 3 Baths
  • 170558996 MLS
33 Norton  Place, Plainville image
33 Norton Place, Plainville $225,500

Take a look at this nicely renovated home! Move-in condition! NEWER: Roof, gas furnace & water heater. Remodeled kitchen with new white Shaker style cabinets, granite cou...

  • 2 Beds
  • 1 Baths
  • 170555154 MLS
11 Oak Tree  Lane, Ridgefield image
11 Oak Tree Lane, Ridgefield $399,000

When one door closes, another opens. While this cape may have seen better days, this is an incredible opportunity for a savvy buyer to realize a new dream. Total 1.06 ac...

  • 170559008 MLS
11 Oak Tree  Lane, Ridgefield image
11 Oak Tree Lane, Ridgefield $399,000

When one door closes, another opens. While this cape may have seen better days, this is an incredible opportunity for a savvy buyer to realize a new dream. Total 1.06 ac...

  • 4 Beds
  • 2 Baths
  • 170558967 MLS
249 Vauxhall  Street, New London image
249 Vauxhall Street, New London $159,900

Larger than it looks with open floor plan Bungalow style. Huge living room, dining room Kitchen all open with craftsman trim and details. 2 bedrooms and 1 bath on the mai...

  • 2 Beds
  • 1 Baths
  • 170558994 MLS
248 Union City  Road, Naugatuck image
248 Union City Road, Naugatuck $119,900

Opportunity knocks in this convenient and quiet neighborhood. Cape style home on large picturesque lot. Plenty of room to expand and/or renovate. Close to shopping and...

  • 3 Beds
  • 1 Baths
  • 170558769 MLS
1 Poplar  Street, Norwalk image
1 Poplar Street, Norwalk $649,000

East Norwalk Cape located on quiet street near Calf Pasture Beach, features 4 bedrooms, 3.5 baths, finished lower level, large laundry room, central air. Very well mainta...

  • 4 Beds
  • 4 Baths
  • 170558633 MLS
58 Old Farms  Road, Glastonbury image
58 Old Farms Road, Glastonbury $544,900

Wonderful colonial in South Glastonbury! New to market, this wonderful 5 bedroom contemporary colonial is located in a wonderful no outlet neighborhood with tons of pote...

  • 5 Beds
  • 4 Baths
  • 170558518 MLS
13 Nob Hill  Circle Unit 13, Bridgeport image
13 Nob Hill Circle Unit 13, Bridgeport — Nob Hill $139,500

WONDERFUL OPPORTUNITY - Lovely quiet neighborhood setting this Townhouse style unit offers 2 generous sized bedrooms, a full bath, kitchen and large living room. Laundry...

  • 2 Beds
  • 1 Baths
  • 170558357 MLS
  • Nob Hill Bldg.

The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2023 SmartMLS, Inc.

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Dave Jones, Broker/Owner
Dave Jones Realty
33 Waterbury Rd, PO Box 7363
Prospect CT 06712
203-758-0264
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