ST. PAUL, Minn. (AP) — A new report says foreclosure sales in Minnesota increased 11 percent in 2010.

The Minnesota Home Ownership Center says there were nearly 25,700 foreclosures last year compared to about 23,000 foreclosure sales in 2009. The report analyzed sheriff’s sale data from every county in Minnesota.

The center’s executive director, Julie Gugin, says even though the number of foreclosures sales slowed during the fourth quarter, the number of families losing their home in 2010 was still four to five times higher than the level before the start of the housing crisis.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comments (2)

Leave a Reply

Please log in using one of these methods to post your comment:

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

More From WCCO | CBS Minnesota

Good Question
Best Of Minnesota

Watch & Listen LIVE