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Published September 21, 2009, 11:29 AM

State foreclosures highest in Upper Midwest

Minnesota’s foreclosure rate is 21st-highest in the nation. Wisconsin has the nation’s 22nd-highest rate.

By: By Associated Press, Pine Journal

MINNEAPOLIS — Minnesota’s home foreclosure rate remains highest in the Upper Midwest, even though there was a decline in the rate from July to August.

The online real estate tracking service RealtyTrac shows approximately 3,700 foreclosures in Minnesota during August, a decline of nearly 11 percent from a month earlier, but an increase of 70 percent compared to a year ago.

Minnesota’s foreclosure rate is 21st-highest in the nation. Wisconsin has the nation’s 22nd-highest rate, while Iowa was 41st.

RealtyTrac says nationwide, there were more than 358,000 foreclosure-related filings in August, including default notices, bank repossessions and auctions. That’s up 18 percent from a year ago.

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