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Minnesota Foreclosures in Q3 2011 Down 32% from Q3 2010

November 4, 2011 by 2 Comments
q3 2011 housinglink report

This just in from HousingLink:There were 4,935 foreclosures in Minnesota in Q3 of 2011, down 32% from Q3 2010. Q3 2011 marks four consecutive quarters with fewer than 6,000 statewide foreclosures.  While this follows four quarters in which the statewide count exceeded that number, the Q3 2011 figure of 4,935 still far exceeds the 1,618 foreclosures averaged in 2005, the first year sheriff sale records were totaled for the state of Minnesota.Below is a chart from their very detailed report:While this in no way … [Read more...]

Filed Under: Community Issues, Foreclosures and Short Sales, Info for Buyers, Info for Sellers, Market Stats Tagged With: ,

2010 Foreclosure "Tidal Wave" Just Another High Tide?

April 27, 2010 by 2 Comments

For a year or so there have been stories of more foreclosures coming.  While I don't doubt the warning and we're starting to see a tick up in sheriff sales, I do think that given the speed that the banks are going that it will be 2011 before we see much of this expected surge of foreclosure/REO inventory on the market. Minnesota Home Ownership Center's report of mortgage delinquency (pre-foreclosure) notices are very high, a lot of the increasing delinquencies are sitting in limbo in the period prior to a … [Read more...]

Filed Under: Community Issues, Crystal Ball Projections, Foreclosures and Short Sales, General, Info for Buyers, Info for Sellers, Market Stats, Neighborhood Info, Opinion Tagged With: , ,

Foreclosure and Mortgage Delinquency Data Released

February 22, 2010 by Leave a Comment

Last week was a notable week for those data buffs among us - HousingLink released their 2009 Foreclosure Report and the Mortgage Bankers Association released their quarterly delinquency survey. As Chris Snowbeck from the Pioneer Press notes in a recent article, the HousingLink data is good news but can't be considered a sign that the foreclosure problem is waning - there are many efforts being made to reduce foreclosures and they've had an impact www.orarily but not all these efforts will be successful and there … [Read more...]

Filed Under: Crystal Ball Projections, Foreclosures and Short Sales, Info for Buyers, Info for Sellers, Market Stats Tagged With: , , ,

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