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Minnesota Foreclosures Down 10%

HousingLink just released their 2012 Q3 Minnesota Foreclosure Update, showing sheriff sales are down 10% from Q3 2011.  What is also worth noting is that they are down 38% from Q3 2010!  Here is a chart from their report:

2012 q3 sheriff sales Minnesota Foreclosures Down 10%

 

pf button both Minnesota Foreclosures Down 10%
1 comments
TkNeo
TkNeo

The decrease in foreclosures is countered by increase in short sales. Banks have realized that foreclosures is not the best way to go, so they are tending to other options. 

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TwinCitiesRealEstateBlog.com is not a Multiple Listing Service MLS, nor does it offer MLS access.
This website is a service of Aaron Dickinson of Edina Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.