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HousingLilnk ~'~ <br />Minnesota Foreclosure Update <br />1st Quarter 2010 <br />Source: MN county residential mortgage sheriff's sales. Data collected by HousingLink. <br />In Q1 of 2010, foreclosures in Minnesota reached the highest period in the past six quarters, with <br />6,716 foreclosures. This total was only exceeded in Q2 and Q3 of 2008, when there were 7,349 and <br />6,807 foreclosures respectively. The Q1 2010 number was up nearly 11 percent over the previous <br />quarter, and 28 percent over the same period last year, continuing a four quarter trend of increasing <br />foreclosures. <br />MN Quarterly Foreclosure Trends <br />(Q1 `08 - Q 1 `10) <br />8,000 _ __ <br />7, 000 <br />6, 000 <br /> <br />5,000 ~ _ -•-Minnesota <br />~ <br />4,000 -~ ~ County Metro <br />~ Greater MN <br />3,000 . <br />2, 000 <br />1,000 <br /> <br />Q1'08 Q2'08 Q3'O8 Q4'08 Q1'09 Q2'09 Q3'09 Q4'09 Q1'10 <br /> Change in Foreclosures Q1 `09 - Q1 `10 <br />~ % Change <br />~ Q1 2009 Q1 2010 Q1'09 - Q1'10 <br />y <br />Minnesota 5,236 6,716 <br />28.3% <br />U <br />~' <br />041 <br />316 4 <br />Twin Cities 3 <br />21.9% <br />~i , <br />, <br />Greater Minnesota 1,920 2,675 39.3% <br />T 65 counties ,~ 19 counties H 3 counties <br />Minnesota County Foreclosures (sorted by County) <br />Rank Q1 Q1 2009 # Q1 2010 # % Change <br />2010 County Foreclosures Foreclosures Q1' 09 - Q7 '10 <br />44 Aitkin 29 19 -34% <br />4 Anoka 464 596 28% <br />32 Becker 17 31 82% <br />44 Beltrami 26 19 -27% <br />22 Benton 40 49 23% <br />49 Big Stone 5 15 200% <br />24 Blue Earth 32 46 44% <br />54 Brown 10 12 20% <br />33 Carlton 15 30 100% <br />11 Carver 77 108 40% <br />27 Cass 14 42 200% <br />56 Chippewa 6 11 83% <br />Minnesota Foreclosure Update. Q12010 (May 4, 2010) <br />HousingLink: www.HousingLink.org/Research/ForeclosureResearch <br />Page 1 <br />