Just Listed brings you the latest news and information from the Twin Cities-area commercial and residential real estate market and beyond from veteran reporters Jim Buchta and Kristen Leigh Painter.

Minnesota foreclosures fall to the lowest level since 2006

Posted by: Jim Buchta under Foreclosures Updated: November 20, 2013 - 3:21 PM

HousingLink, a Minnesota non-profit housing group, said that there were 2,972 foreclosures in statewide during the third quarter, down 33 percent from the same quarter last year.

This was the first quarter during which the number of sheriff's sales fell to less than 3,000 since 2006, and it was the fifth consecutive quarter of year-over-year declines.

All of this is great news for the broader housing recovery, but an alarming number of homeowners are still struggling. Foreclosure levels are still nearly twice that of pre-crisis levels.

Here's a link to the full report, and to information about how to get help, if you're having trouble paying your mortgage.

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