We’re in the middle of a foreclosure crisis, right?

Every day more and more homeowners are falling behind on their payments, right?

So…………. where are the foreclosures?

County Sheriff Sales activity in Anoka, Dakota and Hennepin counties are all at or below the levels this time last year.  So while banks have more and more bad loans on their books, they appear to be very slow in taking action on it.  Of course there is always the possibility that the reason the sheriff sale activity hasn’t increased is because of all the workout programs that are in place but I don’t believe that those efforts have been substantial enough to account for this on their own.

Here are my latest tallies of sheriff sale activity for the counties in the Twin Cities that make it easy: