Sections

Weather Forecast

Close
Advertisement

Bright spot in foreclosure trend may be coming

Email Sign up for Breaking News Alerts
News Brainerd, 56401
Brainerd Dispatch
customer support
Brainerd MN 506 James St. / PO Box 974 56401

Crow Wing County had 21 foreclosures in November, but Kathy Ludenia, county recorder, said the bright spot may be a significant drop in pending foreclosures.

Advertisement
Advertisement

In November there were 18 notices of pending foreclosures. A year ago in November there were 32 notices and the year before that there were 38 notices. Earlier this year, pending foreclosures climbed to more than 40 in a single month.

For months, speculation existed about another wave of foreclosures looming. But Ludenia said the drop in notices of pendency, which indicate a foreclosure is in the works, has dropped so much, it is making her think that predicted additional foreclosure wave may not materialize.

The number of foreclosures in November of 2011 numbered 22. In November of 2010, there were 34 foreclosures.

With the latest numbers, there have been 333 foreclosures to date in Crow Wing County in 2012 with one more month to go in the year. In 2011, there were 369 foreclosures and in 2010, there were 388 foreclosures — for the highest number throughout the Great Recession and well into recorded history. In 2000, there were 43 foreclosures for the entire year.

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

Advertisement
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
Advertisement
Advertisement
randomness