New Canaan Leads Nation In Foreclosures More Than $1M

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Fairfield County has many of the country's foreclosed homes valued at more than $1 million, according to a report by the Wall Street Journal. Photo Credit: Wiki Commons User respres

FAIRFIELD COUNTY, Conn. – New Canaan, Darien, Westport and Greenwich made the top 10 list for number of foreclosures of properties worth more than $1 million in the U.S. in the first nine months of 2012, the Wall Street Journal reported. 

New Canaan ranked No. 1 nationwide on the Wall Street Journal’s recent luxury real estate study with 25 foreclosures from January to October, 2012.

Darien and Westport were tied at fourth with 17 foreclosures each and Greenwich was seventh with 12 foreclosures in the last year.

More than 2,000 million-dollar homes went to foreclosure between January and October 2012, the report says, but that’s down 50 percent since 2010.

Read the rest of the Wall Street Journal story

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    Comments

Comments (5)

Vinnygoombada:

And wait til next year when your Cadillac health care cost is added to your income and taxed as income... that should make a lot of people happy.

jeanmarie.wiesen:

w/ taxes going up, for everyone, including the ones for healthcare, it's not going to improve anytime in the near future. right, that so-called "free" healthcare that we're all going to be taxed to death on. literally. for those of you who believed in the laughable affordable health care, I've got a bridge that goes to nowhere I'd like to sell you.

Vinnygoombada:

Gotta love the libs. Socialist pigs

Ken P Jr:

yeah, and the liberal administration in Washington says the economy is getting better. Makes you wonder what world they live in, oh yeah, the live off the taxpayer world.

john.real.965:

They say the economy is getting better because GDP is growing by 2-3% a year. Small but growing nevertheless. True, but it's not the whole picture. Remember, the government has been borrowing $1T+ a year for the last 4 years. $1T is about 7% of GDP. So the actual GDP growth is 3% - 7% = -4%. The economy is shrinking! In other words, we're in a RECESSION.

You can't borrow $1T and consider that amount as your income. It's that simple.

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