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Foreclosures continue positive trend

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News Brainerd, 56401
Brainerd Dispatch
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Brainerd MN 506 James St. / PO Box 974 56401

Crow Wing County had 17 foreclosures for February, continuing a welcome trend this year.

So far in 2012, foreclosures have yet to top 20 for a month. The 17 foreclosures in February were the lowest number for that month in five years. In February of 2009, there were 43 foreclosures. There were 35 foreclosures in February of 2008, 24 in February of 2010 and 28 in February of 2011.

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In the past five years, there have been just six months where foreclosures were below 17 for the monthly total.

In January, there were 14 foreclosures, a drop from the 29 posted in December of 2011.

Looking into the future, there were 38 notices of pendency, which are an indication of how many homes are near foreclosure.

How does that compare to previous years? There were 41 notices of pendency in February of 2011 and 34 notices for that same month in 2010.

In 2011, the Minnesota Homeownership Center reported there were 21,298 homes sold at sheriff’s sales in Minnesota.

RENEE RICHARDSON may be reached at 855-5852 or renee.richardson@brainerddispatch.com. Follow on Twitter at www.twitter.com/Dispatchbizbuzz.

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Renee Richardson
Richardson is a Pacelli High School graduate from Austin, Minn., who earned an applied science degree from the University of Minnesota, Waseca, with an emphasis in horse management. She worked extensively in the resort industry. She received an associate’s degree from Central Lakes College, where she was editor of the Westbank Journal student newspaper, as well as a summer intern at the Dispatch. She graduated from St. Cloud State University summa cum laude with a bachelor’s degree in mass communications and interned at the St. Cloud Times covering business while attending SCSU. She's been with the Brainerd Dispatch since 1996.
(218) 855-5852
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