If you are a renter dealing with foreclosure, please click here.
If you are a homeowner dealing with foreclosure, contact the Homeownership Center.
To learn more about HousingLink foreclosure research please contact Dan Hylton, HousingLink's Research Manager, at 612-767-4682 (ext. 222).
FORECLOSURES IN MN SERIES:
JUST RELEASED: 2013 Q1 Foreclosure Update
Released: May 2013
There were 3,722 foreclosures in Minnesota in Q1 of 2013, down 22 percent from the same period last year. The drop was most market in the seven county Metro, which saw a 25 percent decline year over year. Foreclosures in Greater MN fell by 18 percent. While foreclosures still significantly exceed pre-crisis numbers, the decline follows a general two-year downward trend, with statewide numbers 31 percent lower than in Q1 2011.
2012 Annual Foreclosures in MN
Released: February 2013
There were 17,895 foreclosures in Minnesota in 2012. This number is down 16 percent down from 2011, and the lowest statewide total since 2006. However, the total number of foreclosures remains elevated, still nearly three times the number of annual foreclosures in 2005, the first year these numbers were compiled. HousingLink was commissioned to complete this report by The Minnesota Home Ownership Center, Greater Minnesota Housing Fund, Minnesota Housing, and Family Housing Fund.
2011 Annual Foreclosures in Minnesota
2010 Annual Foreclosures in Minnesota
2009 Annual Foreclosures in Minnesota
2008 Annual Foreclosures in Minnesota
OTHER FORECLOSURE RESEARCH:
JUST RELEASED: Foreclosure Recovery Progress Report Through Q4 2012
Released: February 2013
Thanks to support from Family Housing Fund and Twin Cities Local Support Initiatives Corporation (Twin Cities LISC), HousingLink is engaged in tracking foreclosure recovery efforts of the Minnesota Foreclosure Partners Council (MFPC) over a period of five years, via a series of semi-annual reports. This report, through the end of 2012, concludes the series. The MFPC is a collaborative effort by local government agencies andnonprofits to address the foreclosure crisis in Minnesota. In the Fall of 2010, HousingLink's quantitative measurement of three goals was adopted into the MFPC's Coordinated Plan to Address Foreclosures.
Geographic Distribution of MN Foreclosures 2007-2011
Released: July 2011
HousingLink has been tracking Minnesota foreclosures at the county level since 2005 with nearly comprehensive statewide coverage since 2007. Over that time, we’ve seen the foreclosure crisis move from one largely based on mortgage products to one that is based on the economy (e.g. unemployment or under-employment). How might that transition affect Greater MN, relative to the Twin Cities 7-county metro area? We explored that issue by dividing all MN counties into quartiles, according to their rate of foreclosure, then comparing how that distribution shifts, over time. The resulting maps seem to indicate that that the crisis, which hit our urban communities particularly hard early on, has spread to other areas throughout the state. HousingLink is able to continue its efforts in tracking this critical measurement due to funding by the Minnesota Foreclosure Partners Council and cooperation by county sheriff departments.