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.
Minnesota foreclosures down 19 percent last year, but 2012 spike looms
A dip in foreclosures in 2011 may be an aberration. One expert says lenders just fell behind in processing them and are likely to work through the backlog during 2012.