Bumped into a blog post from the folks at Smart Politics regarding the RealtyTrac foreclosure data released for November 2009. I was stunned by their quote that the foreclosure rate is up 56% in Minnesota in the last year. I heavily track foreclosure activity and haven't seen nor felt that amount of increase. At first I thought it was a mistake on their part but then I started digging and came to a different conclusion completely. RealtyTrac uses a combination Notices of Default, Notice of Foreclosure … [Read more...]
