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Foreclosures In Minnesota - A Report Based on Sheriff's Sale Data:

 

2010 Semi-Annual Report

 

      

At the end of the Second Quarter of 2010 (June), there were 13,093 foreclosures in Minnesota compared to 11,089 during the same period last year.  If this pace continues, Minnesota will see a 13% increase in the number of foreclosures over 2009 and could even rival the number of foreclosures seen in 2008, the highest number on record.

 

To view the press release of this report, click here.

 

To view the report, click on the image at the right, or click here.

 

HousingLink was commissioned to complete this report by the Minnesota Home Ownership Center, the Greater Minnesota Housing Fund, Minnesota Housing, and the Family Housing Fund.

    


(Click To Download) 

 

 

 

  


 

 

 Foreclosure Counseling Program Report 2009:

 

This report provides a summary of findings from an evaluation of the foreclosure prevention counseling program supported by the Minnesota Home Ownership Center. The program delivers local foreclosure counseling services to consumers through 25 agencies throughout Minnesota. The report summarizes household and loan characteristics, service usage, and outcomes for homeowners receiving foreclosure counseling during 2009.

 

To view the report, click on the image at the right, or click here.

 

  • In 2009, the Minnesota Home Ownership Center’s network of foreclosure counseling agencies served a record number of homeowners, providing services to 15,868 homeowners. This represents an increase of 34% from the previous year
  • 7,771 of the homeowners receiving counseling services were able to avoid foreclosure.
  • Foreclosures cost homeowners, lenders, local governments and neighboring home values. The foreclosures prevented by the Minnesota Home Ownership Center’s counseling network translates to an estimated savings of up to $600 million for Minnesota homeowners, lenders, neighborhoods and local governments in 2009 alone.
  • The pattern of service use suggests that the foreclosure problem is moving out from the urban areas and into suburban and rural counties. The counties with the highest rate of households served form a ring surrounding Hennepin and Anoka counties.
    


(Click To Download) 

 

 


 
Foreclosures In Minnesota - A Report Based on Sheriff's Sale Data:


2009 Report


There were 23,019 foreclosures in Minnesota in 2009, making it the second highest year on record. While the number declined 12% from 2008, it is still over 350% higher than the number of foreclosures experienced prior to the current housing crisis. The report shows that 1.28% of all residential parcels in Minnesota experienced a foreclosure in 2009, and almost 5% of all residential properties have experienced a foreclosure in the last five years.

 

To view the press release of this report, click here.

 

To view the report, click on the image at the right, or click here.

 

HousingLink was commissioned to complete this report by the Minnesota Home Ownership Center, the Greater Minnesota Housing Fund, Minnesota Housing, and the Family Housing Fund.

    


(Click To Download)

 

 

 

 



Foreclosure Counseling Maps- Information on Households Served:

Mid-Year 2009 Update

The mid-year update offers a snapshot of the January through June 2009 number of clients served by the statewide network of Foreclosure Counselors, the number of foreclosures prevented and the foreclosure rate for every county in the state.

 

The maps used in the update were created by CURA, the Center for Urban and Regional Affairs.

 

In addition, the Center and CURA have produced "breakout" reports that  show the same information as the mid-year update by quarters (First Quarter - Jan through March; Second Quarter - April through June) as well as the data from year-end 2008 for comparative purposes:

 
(Click To View)
 

 

Quarter 1 - 2009

Snapshot of Households Served, Foreclosures Prevented & Foreclosure Rate

Quarter 2 - 2009

Snapshot of Households Served, Foreclosures Prevented & Foreclosure Rate

Year End, 2008

Snapshot of Households Served, Foreclosures Prevented & Foreclosure Rate

  




Foreclosures In Minnesota - A Report Based on Sheriff's Sale Data:


Mid-Year 2009 Report


This report provides an in-depth analysis of Sheriff’s sale data, the primary means of identifying foreclosures, from all Minnesota Counties.   

 

The report counts Sheriff's sales that have occurred during the first six months of 2009.  In addition, the report includes foreclosure numbers on a quarterly basis and offers year-over-year comparisons to 2008 quarterly numbers.

 

HousingLink was commissioned to complete this report by the Minnesota Home Ownership Center, the Greater Minnesota Housing Fund, Minnesota Housing, and the Family Housing Fund.

    
(Click To Download)



2008 Foreclosure Prevention Report:

This report provides a summary of findings from an evaluation of the foreclosure prevention counseling program supported by the Minnesota Home Ownership Center. Through this program, local foreclosure counseling services are delivered to consumers through 25 agencies throughout Minnesota. The report summarizes household and loan characteristics, service usage, and outcomes for homeowners receiving foreclosure counseling during 2008.  Click here for additional information.