Why are there so many duplex foreclosures in Stamford, CT?

[Emmett Freedman]

I have been looking at small multi-family units in Stamford, CT, and noticed there are a ton of duplex properties either for sale or recently sold that have been foreclosed on. Is this something unique about Stamford, the multi-family marketplace in general, or something else I’m missing? I know the region has lost some big name employers recently so I figure that could have something to do with it.

Thanks!