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.

Twin Cities mortgage foreclosure rate drops nearly 50 percent in January

Posted by: Jim Buchta under Foreclosures Updated: April 2, 2014 - 9:55 AM

Twin Cities homeowners appear to be in far better financial shape than they were last year.

CoreLogic, a national real estate research firm, said that the foreclosure rate in the metro was 0.63 percent during January, a decrease of 0.58 percentage points compared to January of 2013 when the rate was 1.21 percent. Nationwide, the foreclosure rate dipped to 1.97 percent.

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