Minnesota Foreclosure Rates Rise

Foreclosures in Minnesota have accelerated in recent months. This is probably due in part to the settlement the banks made with Minnesota and other states in regards to the robo signing scandal. In some ways this could be positive because it will remove foreclosed homes from the inventory of available homes, leaving only traditional sales. It may create an environment where prices will be able to rise on homes. This of course does not help the homeowner who is about to lose their home to foreclosure. If you have questions about foreclosures in Minnesota give our office a call at 952-294-0144.