Minn. foreclosures drop 15% through June
Go Deeper.
Create an account or log in to save stories.
Like this?
Thanks for liking this story! We have added it to a list of your favorite stories.
ST. PAUL, Minn. (AP) -- Home foreclosures have dropped 15 percent during the first half of the year in Minnesota.
But, the Minnesota Homeownership Center is quick to point out that the number of foreclosed homes is still at a record high as people struggle to find work.
Center director Julie Gugin says the number one reason people come to the nonprofit organization for help say the loss of income, or employment, is the reason they're having trouble paying their mortgage.
Foreclosures statewide dropped to 9,565 for the first six months of the year. The St. Paul Pioneer Press reports that in the seven-county metro area, foreclosures are declining at a faster rate than in rural areas.
Turn Up Your Support
MPR News helps you turn down the noise and build shared understanding. Turn up your support for this public resource and keep trusted journalism accessible to all.
