Foreclosures are down in Minnesota, but the good news may not last - Bring Me The News

Foreclosures are down in Minnesota, but the good news may not last

MPR reports one in every 336 homes was in default, repossession or scheduled for auction in the third quarter of this year. That could be a sign of more foreclosures to come.
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MPR reports one in every 336 homes was in default, repossession or scheduled for auction in the third quarter of this year. That could be a sign of more foreclosures to come.

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Anti-foreclosure group reports progress

Organizers with the group Occupy Homes say their efforts to help homeowners fight foreclosure are showing signs of success, MPR reports. The group's staged sit-ins at foreclosed properties have led to 40 arrests, including local rapper Brother Ali outside a Minneapolis home last month.

Metro foreclosures expected to jump

Despite a drop in foreclosures in the Twin Cities last year, 2012 will not likely be the year that the housing crisis winds down. The Star Tribune reports that a moratorium on processing new foreclosures has ended, which will likely increase the number of local foreclosures processed in the coming year.

Foreclosures drive down Twin Cities home prices

The average home in the metro area is now going for around $149,000. That's about 10 percent lower than a year ago. Foreclosures and short sales, economic fears and budget-minded buyers are keeping prices down despite stronger sales.

OccupyMN helps Plymouth woman with foreclosure

Ruth Murman's bank denied a two week extension on her home's foreclosure. KARE 11 says OccupyMN organizers circulated the story and filed a petition - within two hours Murman's bank granted the extension.