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Minnesota Pre-Foreclosure Notices Drop to New Lows

The Minnesota Home Ownership Center has been tracking pre-foreclosure notices in Minnesota since the state legislature required notices to be sent to housing counselors as part of the foreclosure process in late 2008.

Recent quarters have shown substantially fewer notices sent out and the Center’s numbers from Q4 2011 continue this trend:

While a quarter or two of lower activity could just be a short-term trend, we have now had a full year of substantially diminished notices.  I’m not saying we are done with delinquent homeowners or with foreclosures, this is yet another sign that the worst is behind us.

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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.