Connecticut uses local foreclosure committees to auction off foreclose homes on behalf of lenders. Prospective buyers can go online to the State of Connecticut Judicial Branch website to find statewide listings of Connecticut foreclosures. Buyers can then find out all the details and bidding instructions by looking at the listings of foreclosed homes in Connecticut. Those who wish to bid typically register and submit a deposit to reserve the right to participate. A buyer can then purchase foreclosed property in Connecticut by placing the highest bid and paying the remainder of the bid to the committee.
Go to the “Pending Foreclosures By Sale – Listed By Town” page on the Connecticut Judicial Branch website (see Sources). You can click on any town to see a list of Connecticut foreclosures for just that town. If you click on all towns, you can eventually find all of the Connecticut foreclosure listings for currently scheduled foreclosed homes in Connecticut.
Click on any town and then click on “View Full Notice” on any individual listing to get full details on that particular foreclosed property. You can find the address of the foreclosed home or property and the time and place of the sale. In fact, Connecticut foreclosure auctions are conducted at the foreclosed property. This is different than many states, which require that auctions take place at the county courthouse.
Compile a list of Connecticut foreclosures that you may be interested in buying. At this early stage, you should at least drive by and get some idea about a reasonable price for homes in that area. Unlike most states, there is a way to inspect the inside of a foreclosed home. However, that does not take place until the actual day of a Connecticut foreclosure auction.
Contact the committee for any properties for which you want to place a bid. You can find the committee contact information in each foreclosure notice. Submit any funds and follow any registration procedures necessary to participate in the auction.
Show up at the inspection time on the day of the Connecticut foreclosure auction. This is where all registered buyers can do a walkthrough inside foreclosed homes. It is usually around two hours before the actual auction.
Participate in the auction. IF you place the highest bid, you become the buyer of the Connecticut foreclosed home or property.
Get a deed from the committee for any foreclosures that you buy. Like all states, there is a recording office in each locale. Go to that office and file your deed to give notice to the public that you have bought the Connecticut foreclosure.
Pending Foreclosed Homes and Property Listed By Connecticut Towns