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Follow on Google News | Minnesota Foreclosure Activity Lowest Since Tracking Began in 20065,306 homes sold at foreclosure auctions in Minnesota in 2016
By: Minnesota Homeownership Center The report, titled "Foreclosures in Minnesota," identified a total of only 5,306 foreclosures in Minnesota in 2016, a decrease of more than 26% from 2015. To put this number in perspective, there were more than 26,000 foreclosures in Minnesota in both 2008 and 2010 at the height of the housing crisis. The report analyzes sheriff's sale data, the primary means of identifying foreclosures, from all Minnesota counties. "We're seeing a combination of events that are having a positive impact on the number of foreclosures," While the numbers are positive for Minnesota's housing market, the Center also noted that 17,456 households received a pre-foreclosure notice in 2016. Struggling homeowners are encouraged to seek help from a certified foreclosure prevention specialist who is a member of the Homeownership Advisors Network as soon as possible. Waiting limits a homeowner's options. To find a free local foreclosure specialist, visit www.hocmn.org or call the Minnesota Homeownership Center at 866-462-6466. To view a copy of the 2016 Foreclosures in Minnesota report, go to: www.hocmn.org ### The Minnesota Homeownership Center empowers smart homeownership choices through education, research and partnerships grounded in the belief that smart, sustainable homeownership has an essential role to play in fostering vibrant communities statewide. The Center's education work includes Home Stretch™, the in-person homebuyer education course, and Framework®, the online homebuyer course, as well as free one-on-one consultation for people planning to buy a home and homeowners working to save theirs. End
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