State foreclosures highest in Upper MidwestMinnesota’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.