What is it like to live in Trumbull CT?
Living in Trumbull offers residents a sparse suburban feel and most residents own their homes. In Trumbull there are a lot of coffee shops and parks. Many retirees live in Trumbull and residents tend to be liberal. The public schools in Trumbull are highly rated.
How do foreclosure auctions work in CT?
In a foreclosure by sale, the property is sold to the highest bidder at the sale. At the sale, the lender usually makes a credit bid. The lender can bid up to the total amount owed, including fees and costs, or it may bid less.
Can you use a mortgage to buy a foreclosure?
With short sales or bank-owned (also called real-estate-owned or REO) properties, you can finance the purchase with a mortgage. In fact, it’s common to do so. Wells Fargo says approximately 60% of its foreclosed homes are purchased with financing.
Is Trumbull CT a wealthy town?
Most of Connecticut’s wealth is concentrated in Fairfield County, which contains many affluent suburbs in Connecticut. Fairfield County is very close to New York City….Incorporated county subdivisions.
| Rank | 40 |
|---|---|
| Town | Trumbull |
| Town | |
| County | Fairfield |
| Per capita income | $44,006 |
How safe is Trumbull CT?
The chance of becoming a victim of either violent or property crime in Trumbull is 1 in 48. Based on FBI crime data, Trumbull is not one of the safest communities in America. Relative to Connecticut, Trumbull has a crime rate that is higher than 76% of the state’s cities and towns of all sizes.
How long does a foreclosure take in CT?
HOW LONG DOES A FORECLOSURE TAKE FROM START TO FINISH? On average, three to six months. 7. CONNECTICUT USES BOTH STRICT FORECLOSURE AND FORECLOSURE BY SALE.
Is Connecticut a redemption state?
“Connecticut is considered a ‘title theory’ state wherein the mortgagor [debtor] pledges property to the mortgagee [creditor] as security for a debt and conveys ‘legal title’ to the mortgaged premises; the mortgagor retains ‘equitable title’ or the ‘equity of redemption’….
https://www.youtube.com/watch?v=WnnH3GiR0eU