Mnhoc Foreclosures In Minnesota 1st Half 2009

Foreclosures in Minnesota: A Report Based on County Sheriff’s Sale Data

August 6, 2009 Supplement

Published by:

Prepared by:

600 18th Avenue North Minneapolis, MN 55411 Telephone: 612-522-2500 Facsimile: 612-521-1577 www.housinglink.org [email protected]

In partnership with:

About the Minnesota Home Ownership Center Recognized nationally as a model of home ownership and foreclosure prevention programming, the Minnesota Home Ownership Center convenes a network of 50 community-based nonprofit, government and tribal organizations to deliver homeownership education and foreclosure prevention services to low- and moderate-income households throughout Minnesota. Learn more at www.hocmn.org. About Greater Minnesota Housing Fund The Greater Minnesota Housing Fund is a private, nonprofit organization whose mission is to strengthen families and communities in greater Minnesota through the creation and preservation of affordable housing. Learn more at www.gmhf.com. About Minnesota Housing Minnesota Housing finances and advances affordable housing opportunities for low- and moderateincome Minnesotans to enhance quality of life and foster strong communities. Learn more at www.mnhousing.gov. About Family Housing Fund The Family Housing Fund is a nonprofit organization whose mission is to provide safe, affordable, sustainable homes to families and children in the Twin Cities metropolitan area through ongoing partnerships with the public and private sector. Learn more at www.fhfund.org. About HousingLink HousingLink is a primary distributor of affordable housing information to service agencies, housing providers, and policy workers in the Twin Cities metropolitan area and selected regions in Greater Minnesota. Learn more at www.housinglink.org. About the Center for Urban and Regional Affairs The Center for Urban and Regional Affairs (CURA) is an all-University applied research and technology center at the University of Minnesota that connects faculty and students with community organizations and public institutions working on significant public policy issues in Minnesota. Learn more at www.cura.umn.edu.

All rights reserved.

© Copyright 2009.

Table of Contents Study Purpose and Objectives.............................................................................................. 1 Methodology....................................................................................................................... 2 Overview of the foreclosure process............................................................................................................ 2 Sheriff’s Sale Records ................................................................................................................................. 3 Data Collection ......................................................................................................................................... 4 Foreclosure Rate Metric ............................................................................................................................. 4

Minnesota Foreclosure Figures............................................................................................. 5 Figure 1: Map of MN Foreclosures by County, Q1-Q2 2009 .................................................................... 6 Figure 2: MN County Foreclosure Counts, 2005 – Q2 2009 (sorted by county) ....................................... 7 Figure 3: MN County Foreclosure Counts, 2005 – Q2 2009 (sorted by Q1-Q2 2009 foreclosures) .......... 9 Figure 4: MN County Foreclosure Counts, 2005 – Q2 2009 (sorted by 2008 foreclosures)..................... 11 Figure 5: MN County Foreclosure Counts, Past Six Quarters (sorted by county)..................................... 13 Figure 6: MN County Foreclosure Counts, Past Six Quarters (sorted by sum of past six quarters) ........... 15 Figure 7: MN County Foreclosure Counts, Past Six Quarters (sorted by Q2 2009 foreclosures) .............. 17 Figure 8: MN County Foreclosure Counts, Q1-Q2 2008 vs. Q1-Q2 2009 (sorted by county) ................ 19 Figure 9: MN County Foreclosure Counts, Q1-Q2 2008 vs. Q1-Q2 2009 (sorted by Q1-Q2 2009) ...... 21 Figure 10: MN County Foreclosure Counts, Q1-Q2 2008 vs. Q1-Q2 2009 (sorted by Q1-Q2 2008) .... 23 Figure 11: Map of Minnesota Foreclosure Rate by County, Q1-Q2 2009................................................ 25 Figure 12: MN County Foreclosure Rates, Past Six Quarters (sorted by county)...................................... 26 Figure 13: MN County Foreclosure Rates, Q1-Q2 2008 vs. Q1-Q2 2009 (sorted by Q1-Q2 2009 rate). 28 Figure 14: MN County Foreclosure Rates, Q1-Q2 2008 vs. Q1-Q2 2009 (sorted by Q1-Q2 2008 rate). 30

Study Purpose and Objectives This supplement report was commissioned by the Minnesota Home Ownership Center, Greater Minnesota Housing Fund, Minnesota Housing, and Family Housing Fund. It provides policymakers and other community leaders with updated Minnesota foreclosure data as they design solutions to address foreclosures and their impact on Minnesota communities. This is a follow-up to the Foreclosures in Minnesota (April 2008) report and subsequent Foreclosures in Minnesota Supplement (February 2009), in which comparable analysis and maps were presented. HousingLink was contracted to conduct the research and prepare the analysis in both reports. Key updated foreclosure data included in this report are as follows: •

Updated foreclosure counts for all Minnesota counties including the Twin Cites sevencounty metro area and Greater Minnesota to reflect Q1-Q2 2009 (January 1 – June 30) foreclosures.

•

Updated foreclosure rates for all Minnesota counties to compare actual 2009 foreclosures

to 2008 parcel counts 1. The calculation of foreclosure rates makes it possible to compare the relative impact of foreclosure on areas with different population sizes. •

Change in foreclosure rate methodology that divides total foreclosures by parcels 2 rather

than households. The advantages to such an approach are threefold: - New methodology more accurately reflects the foreclosure rate where multi-unit rental properties are concerned (e.g. a single foreclosure on a 10-unit rental property becomes a 1:1 ratio, rather than 1:10). Using households rather than parcels, in the rate calculation, understates the true foreclosure rate in counties with a relatively high proportion of multiunit apartment buildings - Household counts are estimates based on an increasingly distant Census 2000, whereas parcels are based on actual, yearly counts. - There is a greater lag in county population estimates from the MN State Demographer (2008 numbers are available in late July of 2009) than with parcel data (2009 parcel counts are available in December of 2009).

1

The previous Foreclosures in Minnesota Supplement (February 2009) report used household estimates to calculate the foreclosure rate, whereas this supplement report uses residential parcels to calculate foreclosure rate. See the Change in foreclosure rate methodology update for more information. 2 County parcel data is provided by the Minnesota Department of Revenue and, for purposes of the foreclosure rate, includes property types 1 (Residential), 2 (Apartment), 5 (Farm with Buildings, >35 Acres), and 13 (Farm with Buildings, <35 acres). Foreclosures in Minnesota (August 2009 Semi-Annual Report) HousingLink 612.522.2500

Page 1

It should be noted that the overall change in rate from the old methodology to the new is minor; with an overall 0.2% (point-two of a percent) change in rate for the state of Minnesota, and a 0.6% (point-six of a percent) change in rate as the highest difference recorded 1. •

This report does not include a 2009 foreclosure projection. Reports issued prior to 2009

have included a foreclosure projection. These projections were generated based solely on recent foreclosure trends with the assumption that the same patterns would continue into the upcoming year. Due to greater uncertainty about future economic conditions, this semiannual report does not include a projection. Some factors that may contribute to foreclosures include but are not limited to: unstable economic conditions; increasing unemployment rates; falling housing prices; rising numbers of mortgage delinquencies; and resetting adjustable rate mortgages. Conversely, more active intervention and loss mitigation activities on the part of counselors and lenders may help to reduce the number of foreclosures.

Methodology To help understand the methods used in this report, it is important to outline Minnesota’s foreclosure timeline. Data is collected throughout the process, much of which is useful for analyzing the characteristics of those mortgages and properties that have defaulted. Overview of the foreclosure process There are two types of foreclosure processes in Minnesota: 1) Judicial Foreclosure, which is conducted like any other form of civil lawsuit. 2) Foreclosure by Advertisement, which is a type of Non-Judicial Foreclosure. Since the large majority of Minnesota foreclosures occur by advertisement, that process is described in more detail below. Foreclosure by Advertisement: Foreclosures in Minnesota take place at the county level and are regulated, for the most part, by state legislation. The foreclosure process can start as early as 30 days after a borrower first misses a mortgage payment. Once the mortgage is in delinquency, the lender empowers an attorney who files notice of pendency against the borrower, starting the foreclosure process.

1

Ramsey County (0.6% change in rate from “household rate” to “parcel rate”), Hennepin County (0.4%), and Benton County (St. Cloud/Sauk Rapids, 0.4%) were the highest rate changes recorded; a statistic that likely results from a higher percentage of residents in those counties living in multi-unit rental properties.

Page 2

Foreclosures in Minnesota (August 2009 Semi-Annual Report) HousingLink 612.522.2500

Shortly thereafter, the attorney publishes a foreclosure sale notice in a local newspaper (at least six weeks before the date of the sheriff’s sale) and the county serves the filing to the homeowner. At any point before the sheriff’s sale, the property owner can reinstate the mortgage by paying all dues, fees and expenses. 1 After the notice has been published and served, the sheriff’s sale occurs and the sheriff auctions the property off to the highest bidder, resulting in foreclosure of the mortgage. Following the sale is a redemption period of up to six months, during which the borrower can redeem the property by paying the amount of sale plus interest, taxes, fees, or liens on the property. Borrowers who do not redeem the property by the expiration of the redemption period lose title and right of occupancy in the property. Sheriff’s Sale Records Sheriff’s sale records are the primary data that identify foreclosed properties and are identified as “foreclosures” within this report. However, it is helpful to understand the following:

1

As of June 15, 2009, MN State Law allows homeowners to delay their foreclosure sale by five months. The homeowner must file for postponement between the first publication of the Sheriff’s Sale and 15 days prior to the Sale. This reduces the redemption period to five weeks. Foreclosures in Minnesota (August 2009 Semi-Annual Report) HousingLink 612.522.2500

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Sheriff’s sale records do not reflect the total number of properties that enter the foreclosure process. Some portion of properties identified in sheriff’s sale records do not result in actual loss of title and occupancy for borrowers because they are redeemed within the allowed timeframe. A small percentage of sheriff’s sale records do not relate to residential mortgages 1. According to a previous study conducted by the Federal Reserve and Macalester College, less than 2 percent of Minneapolis-St. Paul properties sold at sheriff’s sales are commercial. Also, HousingLink estimates approximately 2 percent of properties in its foreclosure database are the result of association liens. Taking into account these two figures, it is estimated that at least 95 percent of the foreclosures in this study represent residential properties.

Data Collection To obtain the number of sheriff’s sales in each county, HousingLink partnered with the University of Minnesota’s Center for Urban and Regional Affairs to contact all Minnesota counties. Counties were asked to provide HousingLink with the total number of sheriff’s sales that occurred in their jurisdiction from January 1 to June 30, 2009. Foreclosure Rate Metric The calculation of a foreclosure rate makes it possible to compare the relative impact of foreclosures on areas with different population sizes. The foreclosure rate used in this report identifies the number of sheriff’s sales as a percent of total parcels 2. Foreclosure Rate = [Number of sheriff’s sales] / [for every 100 parcels]

For example, a rate of 1.41 indicates there were 1.41 mortgages foreclosed for every 100 parcels in the specified location. This could be translated to one mortgage foreclosed for every 71 parcels.

1

Residential mortgages include single-family and multi-family homes. Yearly parcel counts are supplied by the Minnesota Department of Revenue. As parcel counts for 2009 are not available until December 2009, the foreclosure rate calculation utilizes 2008 parcel counts.

2

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Foreclosures in Minnesota (August 2009 Semi-Annual Report) HousingLink 612.522.2500

Minnesota Foreclosure Figures The following pages include figures detailing foreclosures in Minnesota. They include: A map of Minnesota representing the sum of foreclosures by county in the first two quarters of 2009.

p.6

Foreclosures by County

Tables detailing foreclosure counts over the past four years, past six quarters, and Q1-Q2 2009 over the same period in 2008. Tables are displayed through multiple sorts.

p.7-23

Foreclosure Rate Map

A map of Minnesota representing the foreclosure rate (in percent) by county over the first two quarters of 2009

p.25

Foreclosure Rates by County

A table detailing foreclosure rates over the past six quarters, as well as rate comparisons between Q1-Q2 2008 and Q1-Q2 2009. Tables are displayed through multiple sorts.

p.26-37

Foreclosure Count Map

More Minnesota foreclosure figures representing historical data can be found online at www.gmhf.com or www.housinglink.org

Foreclosures in Minnesota (August 2009 Semi-Annual Report) HousingLink 612.522.2500

Page 5

Figure 1

Minnesota Foreclosures (Jan. 1 - Jun. 30 2009) by County Actual number of foreclosures is indicated along with each county name od the Wo Lake of 4

Kit tso n 1

Roseau 21

s

Marshall 7

Koochiching 9

Beltrami 48

Pennington 8

Cook 9

Rock 7

Lyon 23

Pipestone 7

Murray 3

Nobles 13

Renv ille 15 ood Redw 7

abe 64 c

Kan

Mille Lacs 105

t igh Wr 4 43

51 - 150 (n = 14)

An o 10 ka 07

151 - 250 (n = 6)

Chisago 177

251 - 500 (n = 4)

501 - 1,000 (n = 2)

Hennepin Ramsey 2722 1238 d o Washington Carver Le c 605 M 61 160 Scott Sibley 397 24 ue dh Ri o Le Sueur o 3 c Nicollet G 5 14 e 82 Wabasha 6 31 29

Brown 21

Cottonwood Watonwan Blue Earth 10 68 12 Jackson 7

0 - 50 (n = 58)

1,001 - 2,500 (n = 2) > 2,500 (n = 1)

ta ko Da 74 7

Yellow Medicine 7

Total Foreclosures

Pine 102

Martin 23

Faribault 21

Freeborn 62

Dodge 29

pew a 16

Sherburne 347

Steele 59

Chip

Stearns 307 Mee ke 32 r

Lac qui Parle 4

Ben ton 85

Waseca 30

Pope 19

Swift 8

Mor riso 53 n

Carlton 41

ti an Is 208

Big Stone 11

Crow Wing 208

Wadena 20

Douglas 62

Aitkin 50

Wilkin 6

Otter Tail 42

Traverse 7 St ev e 7 ns

Cass 49

Todd 38

Clay 41

Becker 32

G ra 12 nt

Lincoln 1

Hubbard 41

Mahnomen 7

Lake 8

St. Louis 176

Itasca 33

Kandiyohi 39

Norman 8

Clearwater 10

Red Lake 1

Po lk 20

Mower 62

Olm sted 159

0

25

Win on 40 a

Fillmore 22

Ho us 15 ton

50

100 Miles

«

Foreclosures in Minnesota: A Report Based on Sheriff 's Sale Data (August 2009)

Funded by: MN Home Ownership Center, Greater MN Housing Fund, Family Housing Fund, & MN Housing Data Source: County reported sheriff's sales page 6

Foreclosures in MN (August 2009 Semi-Annual Report) HousingLink 612.522.2500

Figure 2: Minnesota County Yearly Foreclosure Counts (sorted by county) # of Foreclosures^

Twin Cities Metro Greater Minnesota Minnesota

2005 3,765 2,707 6,472

2006 7,130 4,777 11,907

2007 12,968 7,430 20,398

2008 17,264 9,000 26,261

Q1-Q2 2009 6,903 4,186 11,089

05-06 % Change 89% 76% 84%

06-07 % Change 82% 56% 71%

07-08 % Change 33% 21% 29%

Aitkin Anoka Becker Beltrami Benton Big Stone Blue Earth Brown Carlton Carver Cass Chippewa* Chisago Clay Clearwater Cook Cottonwood Crow Wing* Dakota Dodge* Douglas Faribault Fillmore Freeborn Goodhue* Grant Hennepin Houston Hubbard* Isanti Itasca Jackson Kanabec Kandiyohi Kittson* Koochiching Lac qui Parle Lake Lake of the Woods Le Sueur Lincoln Lyon Mahnomen Marshall* Martin McLeod Meeker Mille Lacs Morrison Mower Murray Nicollet* Nobles* Norman

18 520 25 18 36 7 57 20 41 81 33 -108 36 4 5 11 -459 -44 19 29 80 -10 1,681 8 -80 77 18 35 68 -19 12 10 2 39 3 16 6 -26 56 86 61 52 103 10 --7

35 849 29 28 98 6 101 35 46 119 78 -172 44 6 4 24 198 880 77 40 36 36 95 106 21 3,042 14 35 196 64 8 64 53 2 22 11 16 3 70 8 23 5 -44 72 94 103 77 146 13 --14

47 1,680 50 78 176 7 143 32 79 287 91 15 307 70 7 3 19 231 1,610 66 78 39 43 110 153 14 5,561 10 63 322 73 18 97 72 2 17 11 32 9 174 4 67 3 9 54 142 114 229 93 142 10 49 18 14

57 2,285 64 72 180 7 153 40 124 336 116 25 370 76 35 9 26 360 2,063 96 147 40 37 121 188 13 7,348 16 67 472 72 26 124 95 0 27 10 38 12 167 10 37 20 12 52 159 95 247 116 130 19 60 24 16

50 1,007 32 48 85 11 68 21 41 160 49 16 177 41 10 9 10 208 774 29 62 21 22 62 53 12 2,722 15 41 208 33 7 64 39 1 9 4 8 4 82 1 23 7 7 23 61 32 105 53 62 3 31 13 8

94% 63% 16% 56% 172% -14% 77% 75% 12% 47% 136% -59% 22% 50% -20% 118% -92% --9% 89% 24% 19% -110% 81% 75% -145% -17% -56% 83% -22% -16% -8% 60% 50% 79% 167% 44% -17% -69% 29% 9% 69% 48% 42% 30% --100%

34% 98% 72% 179% 80% 17% 42% -9% 72% 141% 17% -78% 59% 17% -25% -21% 17% 83% -14% 95% 8% 19% 16% 44% -33% 83% -29% 80% 64% 14% 125% 52% 36% 0% -23% 0% 100% 200% 149% -50% 191% -40% -23% 97% 21% 122% 21% -3% -23% --0%

21% 36% 28% -8% 2% 0% 7% 25% 57% 17% 27% 67% 21% 9% 400% 200% 37% 56% 28% 45% 88% 3% -14% 10% 23% -7% 32% 60% 6% 47% -1% 44% 28% 32% -100% 59% -9% 19% 33% -4% 150% -45% 567% 33% -4% 12% -17% 8% 25% -8% 90% 22% 33% 14%

Foreclosures in Minnesota (August 2009 Semi-Annual Report) HousingLink 612.522.2500

Page 7

# of Foreclosures

Olmsted Otter Tail Pennington Pine Pipestone Polk Pope Ramsey^ Red Lake Redwood Renville* Rice Rock Roseau Saint Louis Scott Sherburne Sibley Stearns Steele Stevens* Swift Todd Traverse Wabasha Wadena Waseca Washington Watonwan Wilkin Winona* Wright* Yellow Medicine

2005 158 59 12 84 11 22 9 632 4 21 -79 3 19 219 148 210 25 136 64 -10 36 3 28 23 23 244 12 22 --20

2006 237 92 7 116 14 26 13 1,498 1 30 -147 10 27 319 328 341 42 219 91 -16 48 9 38 7 44 414 26 23 39 305 18

2007 342 89 11 217 12 30 19 2,346 1 29 47 237 15 27 359 606 673 54 375 123 -27 68 3 47 25 20 878 20 31 58 753 12

2008 403 101 15 179 9 29 18 3,023 4 23 34 298 13 31 476 952 782 75 422 148 12 21 81 4 84 34 57 1,257 33 16 90 1,008 21

Q1-Q2 2009 159 42 8 102 7 20 19 1,238 1 7 15 146 7 21 176 397 347 24 307 59 7 8 38 7 29 20 30 605 12 6 40 434 7

05-06 % Change 50% 56% -42% 38% 27% 18% 44% 137% -75% 43% -86% 233% 42% 46% 122% 62% 68% 61% 42% -60% 33% 200% 36% -70% 91% 70% 117% 5% ---10%

06-07 % Change 44% -3% 57% 87% -14% 15% 46% 57% 0% -3% -61% 50% 0% 13% 85% 97% 29% 71% 35% -69% 42% -67% 24% 257% -55% 112% -23% 35% 49% 147% -33%

07-08 % Change 18% 13% 36% -18% -25% -3% -5% 29% 300% -21% -28% 26% -13% 15% 33% 57% 16% 39% 13% 20% --22% 19% 33% 79% 36% 185% 43% 65% -48% 55% 34% 75%

* Indicates a county did not maintain part or all of the data requested or was otherwise unable to provide the data. ^ Twin Cities Metro and Minnesota foreclosure totals have been revised from Foreclosures in Minnesota (February 2009) to reflect new 2005-2008 foreclosure totals from Ramsey County.

Page 8

Foreclosures in Minnesota (August 2009 Semi-Annual Report) HousingLink 612.522.2500

Figure 3: Minnesota County Yearly Foreclosure Counts (sorted by year-to-date 2009 foreclosures) # of Foreclosures^ 2005

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55

2006

2007

2008

Q1-Q2 2009

05-06 % Change

06-07 % Change

07-08 % Change 33%

Twin Cities Metro

3,765

7,130

12,968

17,264

6,903

89%

82%

Greater Minnesota

2,707

4,777

7,430

9,000

4,186

76%

56%

21%

Minnesota

6,472

11,907

20,398

26,261

11,089

84%

71%

29%

Hennepin Ramsey^ Anoka Dakota Washington Wright* Scott Sherburne Stearns Crow Wing* Isanti Chisago Saint Louis Carver Olmsted Rice Mille Lacs Pine Benton Le Sueur Blue Earth Kanabec Douglas Freeborn Mower McLeod Steele Goodhue* Morrison Aitkin Cass Beltrami Otter Tail Carlton Clay Hubbard* Winona* Kandiyohi Todd Itasca Becker Meeker Nicollet Waseca Dodge* Wabasha Sibley Lyon Martin Fillmore Brown Faribault Roseau Polk Wadena

1,681 632 520 459 244 -148 210 136 -80 108 219 81 158 79 61 84 36 39 57 35 44 80 103 56 64 -52 18 33 18 59 41 36 --68 36 77 25 86 -23 -28 25 16 26 29 20 19 19 22 23

3,042 1,498 849 880 414 305 328 341 219 198 196 172 319 119 237 147 103 116 98 70 101 64 40 95 146 72 91 106 77 35 78 28 92 46 44 35 39 53 48 64 29 94 -44 77 38 42 23 44 36 35 36 27 26 7

5,561 2,346 1,680 1,610 878 753 606 673 375 231 322 307 359 287 342 237 229 217 176 174 143 97 78 110 142 142 123 153 93 47 91 78 89 79 70 63 58 72 68 73 50 114 49 20 66 47 54 67 54 43 32 39 27 30 25

7,348 3,023 2,285 2,063 1,257 1,008 952 782 422 360 472 370 476 336 403 298 247 179 180 167 153 124 147 121 130 159 148 188 116 57 116 72 101 124 76 67 90 95 81 72 64 95 60 57 96 84 75 37 52 37 40 40 31 29 34

2,722 1,238 1,007 774 605 434 397 347 307 208 208 177 176 160 159 146 105 102 85 82 68 64 62 62 62 61 59 53 53 50 49 48 42 41 41 41 40 39 38 33 32 32 31 30 29 29 24 23 23 22 21 21 21 20 20

81% 137% 63% 92% 70% -122% 62% 61% -145% 59% 46% 47% 50% 86% 69% 38% 172% 79% 77% 83% -9% 19% 42% 29% 42% -48% 94% 136% 56% 56% 12% 22% ---22% 33% -17% 16% 9% -91% -36% 68% 44% 69% 24% 75% 89% 42% 18% -70%

83% 57% 98% 83% 112% 147% 85% 97% 71% 17% 64% 78% 13% 141% 44% 61% 122% 87% 80% 149% 42% 52% 95% 16% -3% 97% 35% 44% 21% 34% 17% 179% -3% 72% 59% 80% 49% 36% 42% 14% 72% 21% --55% -14% 24% 29% 191% 23% 19% -9% 8% 0% 15% 257%

32% 29% 36% 28% 43% 34% 57% 16% 13% 56% 47% 21% 33% 17% 18% 26% 8% -18% 2% -4% 7% 28% 88% 10% -8% 12% 20% 23% 25% 21% 27% -8% 13% 57% 9% 6% 55% 32% 19% -1% 28% -17% 22% 185% 45% 79% 39% -45% -4% -14% 25% 3% 15% -3% 36%

Foreclosures in Minnesota (August 2009 Semi-Annual Report) HousingLink 612.522.2500

Page 9

# of Foreclosures

56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87

Pope Chippewa* Houston Renville* Nobles* Grant Watonwan Big Stone Clearwater Cottonwood Cook Koochiching Lake Norman Pennington Swift Jackson Mahnomen Marshall* Pipestone Redwood Rock Stevens* Traverse Yellow Medicine Wilkin Lac qui Parle Lake of the Woods Murray Kittson* Lincoln Red Lake

2005 9 -8 --10 12 7 4 11 5 19 10 7 12 10 18 6 -11 21 3 -3 20 22 12 2 10 -3 4

2006 13 -14 --21 26 6 6 24 4 22 16 14 7 16 8 5 -14 30 10 -9 18 23 11 3 13 2 8 1

2007 19 15 10 47 18 14 20 7 7 19 3 17 32 14 11 27 18 3 9 12 29 15 -3 12 31 11 9 10 2 4 1

2008 18 25 16 34 24 13 33 7 35 26 9 27 38 16 15 21 26 20 12 9 23 13 12 4 21 16 10 12 19 0 10 4

Q1-Q2 2009 19 16 15 15 13 12 12 11 10 10 9 9 8 8 8 8 7 7 7 7 7 7 7 7 7 6 4 4 3 1 1 1

05-06 % Change 44% -75% --110% 117% -14% 50% 118% -20% 16% 60% 100% -42% 60% -56% -17% -27% 43% 233% -200% -10% 5% -8% 50% 30% -167% -75%

06-07 % Change 46% --29% ---33% -23% 17% 17% -21% -25% -23% 100% 0% 57% 69% 125% -40% --14% -3% 50% --67% -33% 35% 0% 200% -23% 0% -50% 0%

07-08 % Change -5% 67% 60% -28% 33% -7% 65% 0% 400% 37% 200% 59% 19% 14% 36% -22% 44% 567% 33% -25% -21% -13% -33% 75% -48% -9% 33% 90% -100% 150% 300%

* Indicates a county did not maintain part or all of the data requested or was otherwise unable to provide the data. ^ Twin Cities Metro and Minnesota foreclosure totals have been revised from Foreclosures in Minnesota (February 2009) to reflect new 2005-2008 foreclosure totals from Ramsey County.

Page 10

Foreclosures in Minnesota (August 2009 Semi-Annual Report) HousingLink 612.522.2500

Figure 4: Minnesota County Yearly Foreclosure Counts (sorted by 2008 foreclosures) # of Foreclosures^ 2005

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56

2007

2008

Twin Cities Metro

3,765

2006 7,130

12,968

17,264

Greater Minnesota

2,707

4,777

7,430

9,000

4,186

Minnesota

6,472

11,907

20,398

26,261

11,089

Hennepin Ramsey^ Anoka Dakota Washington Wright* Scott Sherburne Saint Louis Isanti Stearns Olmsted Chisago Crow Wing* Carver Rice Mille Lacs Goodhue* Benton Pine Le Sueur McLeod Blue Earth Steele Douglas Mower Carlton Kanabec Freeborn Cass Morrison Otter Tail Dodge* Kandiyohi Meeker Winona* Wabasha Todd Clay Sibley Beltrami Itasca Hubbard* Becker Nicollet* Aitkin Waseca Martin Brown Faribault Lake Fillmore Lyon Clearwater Renville* Wadena

1,681 632 520 459 244 -148 210 219 80 136 158 108 -81 79 61 -36 84 39 56 57 64 44 103 41 35 80 33 52 59 -68 86 -28 36 36 25 18 77 -25 -18 23 26 20 19 10 29 16 4 -23

3,042 1,498 849 880 414 305 328 341 319 196 219 237 172 198 119 147 103 106 98 116 70 72 101 91 40 146 46 64 95 78 77 92 77 53 94 39 38 48 44 42 28 64 35 29 -35 44 44 35 36 16 36 23 6 -7

5,561 2,346 1,680 1,610 878 753 606 673 359 322 375 342 307 231 287 237 229 153 176 217 174 142 143 123 78 142 79 97 110 91 93 89 66 72 114 58 47 68 70 54 78 73 63 50 49 47 20 54 32 39 32 43 67 7 47 25

7,348 3,023 2,285 2,063 1,257 1,008 952 782 476 472 422 403 370 360 336 298 247 188 180 179 167 159 153 148 147 130 124 124 121 116 116 101 96 95 95 90 84 81 76 75 72 72 67 64 60 57 57 52 40 40 38 37 37 35 34 34

2,722 1,238 1,007 774 605 434 397 347 176 208 307 159 177 208 160 146 105 53 85 102 82 61 68 59 62 62 41 64 62 49 53 42 29 39 32 40 29 38 41 24 48 33 41 32 31 50 30 23 21 21 8 22 23 10 15 20

Foreclosures in Minnesota (August 2009 Semi-Annual Report) HousingLink 612.522.2500

Q1-Q2 2009 6,903

Page 11

57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87

Watonwan Roseau Polk Koochiching Cottonwood Jackson Chippewa* Nobles* Redwood Swift Yellow Medicine Mahnomen Murray Pope Houston Norman Wilkin Pennington Grant Rock Lake of the Woods Marshall* Stevens* Lac qui Parle Lincoln Cook Pipestone Big Stone Red Lake Traverse Kittson*

2005 12 19 22 19 11 18 --21 10 20 6 10 9 8 7 22 12 10 3 2 --12 3 5 11 7 4 3 --

2006 26 27 26 22 24 8 --30 16 18 5 13 13 14 14 23 7 21 10 3 --11 8 4 14 6 1 9 2

2007 20 27 30 17 19 18 15 18 29 27 12 3 10 19 10 14 31 11 14 15 9 9 -11 4 3 12 7 1 3 2

2008 33 31 29 27 26 26 25 24 23 21 21 20 19 18 16 16 16 15 13 13 12 12 12 10 10 9 9 7 4 4 0

Q1-Q2 2009 12 21 20 9 10 7 16 13 7 8 7 7 3 19 15 8 6 8 12 7 4 7 7 4 1 9 7 11 1 7 1

* Indicates a county did not maintain part or all of the data requested or was otherwise unable to provide the data. ^ Twin Cities Metro and Minnesota foreclosure totals have been revised from Foreclosures in Minnesota (February 2009) to reflect new 2005-2008 foreclosure totals from Ramsey County.

Page 12

Foreclosures in Minnesota (August 2009 Semi-Annual Report) HousingLink 612.522.2500

Figure 5: Minnesota County Quarterly Foreclosure Counts^ (sorted by county)

Twin Cities Metro Greater Minnesota Minnesota Aitkin Anoka Becker Beltrami Benton Big Stone Blue Earth Brown Carlton Carver Cass Chippewa Chisago Clay Clearwater Cook Cottonwood Crow Wing Dakota Dodge Douglas Faribault Fillmore Freeborn Goodhue Grant Hennepin Houston Hubbard Isanti* Itasca Jackson Kanabec Kandiyohi Kittson Koochiching Lac qui Parle Lake Lake of the Woods Le Sueur Lincoln Lyon Mahnomen Marshall Martin McLeod Meeker Mille Lacs Morrison Mower Murray Nicollet Nobles Norman

Q1 2008 4,251 2,089 6,334

Q2 2008 4,851 2,414 7,257

Q3 2008 4,421 2,218 6,636

Q4 2008 3,741 1,807 5,546

Q1 2009 3,237 1,920 5,157

Q2 2009 3,666 2,266 5,932

6 Quarter Total 24,167 12,714 36,862

14 475 19 21 41 1 34 11 31 81 27 6 77 16 10 1 3 104 552 24 26 11 8 47 55 2 1,823 2 7 -26 8 33 22 0 7 2 12 3 52 2 12 7 3 15 27 13 59 31 40 6 11 8 5

16 685 16 22 44 3 45 8 38 70 38 9 103 22 20 6 14 86 554 34 57 13 16 20 52 1 2,080 8 23 -17 7 24 30 0 9 3 11 5 49 2 13 7 3 10 46 27 73 26 33 8 11 7 3

16 569 12 15 42 1 35 10 24 97 33 7 112 26 4 2 5 101 525 24 30 10 7 24 45 7 1,895 0 18 -15 5 41 22 0 3 3 10 2 31 2 9 3 0 16 50 35 64 36 28 3 22 7 5

11 556 17 14 53 2 39 11 31 88 18 3 78 12 1 0 4 69 432 14 34 6 6 30 36 3 1,550 6 19 -14 6 26 21 0 8 2 5 2 35 4 3 3 6 11 36 20 51 23 29 2 16 2 3

29 464 17 26 40 5 32 10 15 77 14 6 84 20 5 1 3 102 323 15 39 13 9 26 26 6 1,349 6 15 88 11 4 27 18 1 2 3 2 3 43 1 13 3 3 8 32 11 44 23 30 1 15 5 1

21 543 15 22 45 6 36 11 26 83 35 10 93 21 5 8 7 106 451 14 23 8 13 36 27 6 1,373 9 26 120 22 3 37 21 0 7 1 6 1 39 0 10 4 4 15 29 21 61 30 32 2 16 8 7

107 3,292 96 120 265 18 221 61 165 496 165 41 547 117 45 18 36 568 2,837 125 209 61 59 183 241 25 10,070 31 108 208 105 33 188 134 1 36 14 46 16 249 11 60 27 19 75 220 127 352 169 192 3 91 37 24

Foreclosures in Minnesota (August 2009 Semi-Annual Report) HousingLink 612.522.2500

Page 13

Olmsted Otter Tail Pennington Pine Pipestone Polk Pope Ramsey Red Lake Redwood Renville Rice Rock Roseau Saint Louis Scott Sherburne Sibley Stearns Steele Stevens Swift Todd Traverse Wabasha Wadena Waseca Washington Watonwan Wilkin Winona Wright Yellow Medicine

Q1 2008 88 18 5 51 1 7 3 775 0 6 15 79 3 10 113 248 125 18 119 39 2 8 22 2 24 4 10 297 10 8 24 268 5

Q2 2008 128 34 2 52 2 5 7 871 2 7 10 93 3 9 123 247 236 27 101 42 1 5 20 0 15 8 23 344 10 5 25 276 5

Q3 2008 103 27 6 47 3 13 6 768 1 4 3 70 3 9 136 256 229 11 143 33 7 7 21 1 20 8 16 311 6 2 20 235 6

Q4 2008 84 22 2 29 3 4 2 609 1 6 6 56 4 3 104 201 192 19 59 34 2 1 18 1 25 14 8 305 7 1 21 229 5

Q1 2009 68 20 4 42 5 10 12 579 0 3 6 64 4 11 79 196 177 10 97 28 2 6 21 4 17 11 13 249 6 1 22 217 4

Q2 2009 91 22 4 60 2 10 7 659 1 4 9 82 3 10 97 201 170 14 210 31 5 2 17 3 12 9 17 356 6 5 18 217 3

6 Quarter Total 562 143 23 281 16 49 37 4,261 5 30 49 444 20 52 652 1,349 1,129 99 729 207 19 29 119 11 113 54 87 1,862 45 22 130 1,442 28

* Indicates a county did not maintain part or all of the data requested or was otherwise unable to provide the data. ^ Sum of four quarters in 2008 for Minnesota and Greater Minnesota does not equal “yearly counts” from Fig. 2-4, as Isanti County was unable to provide quarterly counts for that year.

Page 14

Foreclosures in Minnesota (August 2009 Semi-Annual Report) HousingLink 612.522.2500

Figure 6: Minnesota County Quarterly Foreclosure Counts^ (sorted by six quarter total) Twin Cities Metro Greater Minnesota Minnesota 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54

Hennepin Ramsey Anoka Dakota Washington Wright Scott Sherburne Stearns Saint Louis Crow Wing Olmsted Chisago Carver Rice Mille Lacs Pine Benton Le Sueur Goodhue Blue Earth McLeod Douglas Isanti* Steele Mower Kanabec Freeborn Morrison Cass Carlton Otter Tail Kandiyohi Winona Meeker Dodge Beltrami Todd Clay Wabasha Hubbard Aitkin Itasca Sibley Becker Nicollet Waseca Martin Brown Faribault Lyon Fillmore Wadena Roseau

Q1 2008 4,251 2,089 6,334

Q2 2008 4,851 2,414 7,257

Q3 2008 4,421 2,218 6,636

Q4 2008 3,741 1,807 5,546

Q1 2009 3,237 1,920 5,157

Q2 2009 3,666 2,266 5,932

6 Quarter Total 24,167 12,714 36,862

1,823 775 475 552 297 268 248 125 119 113 104 88 77 81 79 59 51 41 52 55 34 27 26 -39 40 33 47 31 27 31 18 22 24 13 24 21 22 16 24 7 14 26 18 19 11 10 15 11 11 12 8 4 10

2,080 871 685 554 344 276 247 236 101 123 86 128 103 70 93 73 52 44 49 52 45 46 57 -42 33 24 20 26 38 38 34 30 25 27 34 22 20 22 15 23 16 17 27 16 11 23 10 8 13 13 16 8 9

1,895 768 569 525 311 235 256 229 143 136 101 103 112 97 70 64 47 42 31 45 35 50 30 -33 28 41 24 36 33 24 27 22 20 35 24 15 21 26 20 18 16 15 11 12 22 16 16 10 10 9 7 8 9

1,550 609 556 432 305 229 201 192 59 104 69 84 78 88 56 51 29 53 35 36 39 36 34 -34 29 26 30 23 18 31 22 21 21 20 14 14 18 12 25 19 11 14 19 17 16 8 11 11 6 3 6 14 3

1,349 579 464 323 249 217 196 177 97 79 102 68 84 77 64 44 42 40 43 26 32 32 39 88 28 30 27 26 23 14 15 20 18 22 11 15 26 21 20 17 15 29 11 10 17 15 13 8 10 13 13 9 11 11

1,373 659 543 451 356 217 201 170 210 97 106 91 93 83 82 61 60 45 39 27 36 29 23 120 31 32 37 36 30 35 26 22 21 18 21 14 22 17 21 12 26 21 22 14 15 16 17 15 11 8 10 13 9 10

10,070 4,261 3,292 2,837 1,862 1,442 1,349 1,129 729 652 568 562 547 496 444 352 281 265 249 241 221 220 209 208 207 192 188 183 169 165 165 143 134 130 127 125 120 119 117 113 108 107 105 99 96 91 87 75 61 61 60 59 54 52

Foreclosures in Minnesota (August 2009 Semi-Annual Report) HousingLink 612.522.2500

Page 15

55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87

Polk Renville Lake Watonwan Clearwater Chippewa Nobles Pope Cottonwood Koochiching Jackson Houston Redwood Swift Yellow Medicine Mahnomen Grant Norman Pennington Wilkin Rock Murray Stevens Marshall Cook Big Stone Pipestone Lake of the Woods Lac qui Parle Traverse Lincoln Red Lake Kittson

Q1 2008 7 15 12 10 10 6 8 3 3 7 8 2 6 8 5 7 2 5 5 8 3 6 2 3 1 1 1 3 2 2 2 0 0

Q2 2008 5 10 11 10 20 9 7 7 14 9 7 8 7 5 5 7 1 3 2 5 3 8 1 3 6 3 2 5 3 0 2 2 0

Q3 2008 13 3 10 6 4 7 7 6 5 3 5 0 4 7 6 3 7 5 6 2 3 3 7 0 2 1 3 2 3 1 2 1 0

Q4 2008 4 6 5 7 1 3 2 2 4 8 6 6 6 1 5 3 3 3 2 1 4 2 2 6 0 2 3 2 2 1 4 1 0

Q1 2009 10 6 2 6 5 6 5 12 3 2 4 6 3 6 4 3 6 1 4 1 4 1 2 3 1 5 5 3 3 4 1 0 1

Q2 2009 10 9 6 6 5 10 8 7 7 7 3 9 4 2 3 4 6 7 4 5 3 2 5 4 8 6 2 1 1 3 0 1 0

6 Quarter Total 49 49 46 45 45 41 37 37 36 36 33 31 30 29 28 27 25 24 23 22 20 22 19 19 18 18 16 16 14 11 11 5 1

* Indicates a county did not maintain part or all of the data requested or was otherwise unable to provide the data. ^ Sum of four quarters in 2008 for Minnesota and Greater Minnesota does not equal “yearly counts” from Fig. 2-4, as Isanti County was unable to provide quarterly counts for that year.

Page 16

Foreclosures in Minnesota (August 2009 Semi-Annual Report) HousingLink 612.522.2500

Figure 7: Minnesota County Quarterly Foreclosure Counts^ (sorted by Q2 2009)

Twin Cities Metro Greater Minnesota Minnesota 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57

Hennepin Ramsey Anoka Dakota Washington Wright Stearns Scott Sherburne Isanti* Crow Wing Saint Louis Chisago Olmsted Carver Rice Mille Lacs Pine Benton Le Sueur Kanabec Blue Earth Freeborn Cass Mower Steele Morrison McLeod Goodhue Carlton Hubbard Douglas Beltrami Itasca Otter Tail Aitkin Clay Kandiyohi Meeker Winona Todd Waseca Nicollet Becker Martin Dodge Sibley Fillmore Wabasha Brown Chippewa Lyon Polk Roseau Houston Renville Wadena

Q1 2008 4,251 2,089 6,334

Q2 2008 4,851 2,414 7,257

Q3 2008 4,421 2,218 6,636

Q4 2008 3,741 1,807 5,546

Q1 2009 3,237 1,920 5,157

Q2 2009 3,666 2,266 5,932

6 Quarter Total 24,167 12,714 36,862

1,823 775 475 552 297 268 119 248 125 -104 113 77 88 81 79 59 51 41 52 33 34 47 27 40 39 31 27 55 31 7 26 21 26 18 14 16 22 13 24 22 10 11 19 15 24 18 8 24 11 6 12 7 10 2 15 4

2,080 871 685 554 344 276 101 247 236 -86 123 103 128 70 93 73 52 44 49 24 45 20 38 33 42 26 46 52 38 23 57 22 17 34 16 22 30 27 25 20 23 11 16 10 34 27 16 15 8 9 13 5 9 8 10 8

1,895 768 569 525 311 235 143 256 229 -101 136 112 103 97 70 64 47 42 31 41 35 24 33 28 33 36 50 45 24 18 30 15 15 27 16 26 22 35 20 21 16 22 12 16 24 11 7 20 10 7 9 13 9 0 3 8

1,550 609 556 432 305 229 59 201 192 -69 104 78 84 88 56 51 29 53 35 26 39 30 18 29 34 23 36 36 31 19 34 14 14 22 11 12 21 20 21 18 8 16 17 11 14 19 6 25 11 3 3 4 3 6 6 14

1,349 579 464 323 249 217 97 196 177 88 102 79 84 68 77 64 44 42 40 43 27 32 26 14 30 28 23 32 26 15 15 39 26 11 20 29 20 18 11 22 21 13 15 17 8 15 10 9 17 10 6 13 10 11 6 6 11

1,373 659 543 451 356 217 210 201 170 120 106 97 93 91 83 82 61 60 45 39 37 36 36 35 32 31 30 29 27 26 26 23 22 22 22 21 21 21 21 18 17 17 16 15 15 14 14 13 12 11 10 10 10 10 9 9 9

10,070 4,261 3,292 2,837 1,862 1,442 729 1,349 1,129 208 568 652 547 562 496 444 352 281 265 249 188 221 183 165 192 207 169 220 241 165 108 209 120 105 143 107 117 134 127 130 119 87 91 96 75 125 99 59 113 61 41 60 49 52 31 49 54

Foreclosures in Minnesota (August 2009 Semi-Annual Report) HousingLink 612.522.2500

Page 17

58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87

Cook Faribault Nobles Cottonwood Koochiching Norman Pope Big Stone Grant Lake Watonwan Clearwater Stevens Wilkin Mahnomen Marshall Pennington Redwood Jackson Rock Traverse Yellow Medicine Murray Pipestone Swift Lac qui Parle Lake of the Woods Red Lake Kittson Lincoln

Q1 2008 1 11 8 3 7 5 3 1 2 12 10 10 2 8 7 3 5 6 8 3 2 5 6 1 8 2 3 0 0 2

Q2 2008 6 13 7 14 9 3 7 3 1 11 10 20 1 5 7 3 2 7 7 3 0 5 8 2 5 3 5 2 0 2

Q3 2008 2 10 7 5 3 5 6 1 7 10 6 4 7 2 3 0 6 4 5 3 1 6 3 3 7 3 2 1 0 2

Q4 2008 0 6 2 4 8 3 2 2 3 5 7 1 2 1 3 6 2 6 6 4 1 5 2 3 1 2 2 1 0 4

Q1 2009 1 13 5 3 2 1 12 5 6 2 6 5 2 1 3 3 4 3 4 4 4 4 1 5 6 3 3 0 1 1

Q2 2009 8 8 8 7 7 7 7 6 6 6 6 5 5 5 4 4 4 4 3 3 3 3 2 2 2 1 1 1 0 0

6 Quarter Total 18 61 37 36 36 24 37 18 25 46 45 45 19 22 27 19 23 30 33 20 11 28 3 16 29 14 16 5 1 11

* Indicates a county did not maintain part or all of the data requested or was otherwise unable to provide the data. ^ Sum of four quarters in 2008 for Minnesota and Greater Minnesota does not equal “yearly counts” from Fig. 2-4, as Isanti County was unable to provide quarterly counts for that year.

Page 18

Foreclosures in Minnesota (August 2009 Semi-Annual Report) HousingLink 612.522.2500

Figure 8: Minnesota County Semi-Annual Foreclosure Counts (sorted by county)

Twin Cities Metro Greater Minnesota Minnesota Aitkin Anoka Becker Beltrami Benton Big Stone Blue Earth Brown Carlton Carver Cass Chippewa Chisago Clay Clearwater Cook Cottonwood Crow Wing Dakota Dodge Douglas Faribault Fillmore Freeborn Goodhue Grant Hennepin Houston Hubbard Isanti* Itasca Jackson Kanabec Kandiyohi Kittson Koochiching Lac qui Parle Lake Lake of the Woods Le Sueur Lincoln Lyon Mahnomen Marshall Martin McLeod Meeker Mille Lacs Morrison Mower Murray Nicollet Nobles Norman Olmsted

Q1 2008 4,251 2,089 6,334

Q2 2008 4,851 2,414 7,257

Q1-Q2 2008 Total 9,102 4,503 13,591

Q1 2009 3,237 1,920 5,157

Q2 2009 3,666 2,266 5,932

Q1-Q2 2009 Total 6,903 4,186 11,089

14 475 19 21 41 1 34 11 31 81 27 6 77 16 10 1 3 104 552 24 26 11 8 47 55 2 1,823 2 7 -26 8 33 22 0 7 2 12 3 52 2 12 7 3 15 27 13 59 31 40 6 11 8 5 88

16 685 16 22 44 3 45 8 38 70 38 9 103 22 20 6 14 86 554 34 57 13 16 20 52 1 2,080 8 23 -17 7 24 30 0 9 3 11 5 49 2 13 7 3 10 46 27 73 26 33 8 11 7 3 128

30 1,160 35 43 85 4 79 19 69 151 65 15 180 38 30 7 17 190 1,106 58 83 24 24 67 107 3 3,903 10 30 -43 15 57 52 0 16 5 23 8 101 4 25 14 6 25 73 40 132 57 73 14 22 15 8 216

29 464 17 26 40 5 32 10 15 77 14 6 84 20 5 1 3 102 323 15 39 13 9 26 26 6 1,349 6 15 88 11 4 27 18 1 2 3 2 3 43 1 13 3 3 8 32 11 44 23 30 1 15 5 1 68

21 543 15 22 45 6 36 11 26 83 35 10 93 21 5 8 7 106 451 14 23 8 13 36 27 6 1,373 9 26 120 22 3 37 21 0 7 1 6 1 39 0 10 4 4 15 29 21 61 30 32 2 16 8 7 91

50 1,007 32 48 85 11 68 21 41 160 49 16 177 41 10 9 10 208 774 29 62 21 22 62 53 12 2,722 15 41 208 33 7 64 39 1 9 4 8 4 82 1 23 7 7 23 61 32 105 53 62 3 31 13 8 159

Foreclosures in Minnesota (August 2009 Semi-Annual Report) HousingLink 612.522.2500

Page 19

Otter Tail Pennington Pine Pipestone Polk Pope Ramsey Red Lake Redwood Renville Rice Rock Roseau Saint Louis Scott Sherburne Sibley Stearns Steele Stevens Swift Todd Traverse Wabasha Wadena Waseca Washington Watonwan Wilkin Winona Wright Yellow Medicine

Q1 2008 18 5 51 1 7 3 775 0 6 15 79 3 10 113 248 125 18 119 39 2 8 22 2 24 4 10 297 10 8 24 268 5

Q2 2008 34 2 52 2 5 7 871 2 7 10 93 3 9 123 247 236 27 101 42 1 5 20 0 15 8 23 344 10 5 25 276 5

Q1-Q2 2008 Total 52 7 103 3 12 10 1,646 2 13 25 172 6 19 236 495 361 45 220 81 3 13 42 2 39 12 33 641 20 13 49 544 10

Q1 2009 20 4 42 5 10 12 579 0 3 6 64 4 11 79 196 177 10 97 28 2 6 21 4 17 11 13 249 6 1 22 217 4

Q2 2009 22 4 60 2 10 7 659 1 4 9 82 3 10 97 201 170 14 210 31 5 2 17 3 12 9 17 356 6 5 18 217 3

Q1-Q2 2009 Total 42 8 102 7 20 19 1,238 1 7 15 146 7 21 176 397 347 24 307 59 7 8 38 7 29 20 30 605 12 6 40 434 7

* Indicates a county did not maintain part or all of the data requested or was otherwise unable to provide the data.

Page 20

Foreclosures in Minnesota (August 2009 Semi-Annual Report) HousingLink 612.522.2500

Figure 9: Minnesota County Semi-Annual Foreclosure Counts (sorted by Q1-Q2 2009 Total)

Twin Cities Metro Greater Minnesota Minnesota 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56

Hennepin Ramsey Anoka Dakota Washington Wright Scott Sherburne Stearns Crow Wing Isanti* Chisago Saint Louis Carver Olmsted Rice Mille Lacs Pine Benton Le Sueur Blue Earth Kanabec Douglas Freeborn Mower McLeod Steele Goodhue Morrison Aitkin Cass Beltrami Otter Tail Carlton Clay Hubbard Winona Kandiyohi Todd Itasca Becker Meeker Nicollet Waseca Dodge Wabasha Sibley Lyon Martin Fillmore Brown Faribault Roseau Polk Wadena Pope

Q1 2008 4,251 2,089 6,334

Q2 2008 4,851 2,414 7,257

Q1-Q2 2008 Total 9,102 4,503 13,591

Q1 2009 3,237 1,920 5,157

Q2 2009 3,666 2,266 5,932

Q1-Q2 2009 Total 6,903 4,186 11,089

1,823 775 475 552 297 268 248 125 119 104 -77 113 81 88 79 59 51 41 52 34 33 26 47 40 27 39 55 31 14 27 21 18 31 16 7 24 22 22 26 19 13 11 10 24 24 18 12 15 8 11 11 10 7 4 3

2,080 871 685 554 344 276 247 236 101 86 -103 123 70 128 93 73 52 44 49 45 24 57 20 33 46 42 52 26 16 38 22 34 38 22 23 25 30 20 17 16 27 11 23 34 15 27 13 10 16 8 13 9 5 8 7

3,903 1,646 1,160 1,106 641 544 495 361 220 190 -180 236 151 216 172 132 103 85 101 79 57 83 67 73 73 81 107 57 30 65 43 52 69 38 30 49 52 42 43 35 40 22 33 58 39 45 25 25 24 19 24 19 12 12 10

1,349 579 464 323 249 217 196 177 97 102 88 84 79 77 68 64 44 42 40 43 32 27 39 26 30 32 28 26 23 29 14 26 20 15 20 15 22 18 21 11 17 11 15 13 15 17 10 13 8 9 10 13 11 10 11 12

1,373 659 543 451 356 217 201 170 210 106 120 93 97 83 91 82 61 60 45 39 36 37 23 36 32 29 31 27 30 21 35 22 22 26 21 26 18 21 17 22 15 21 16 17 14 12 14 10 15 13 11 8 10 10 9 7

2,722 1,238 1,007 774 605 434 397 347 307 208 208 177 176 160 159 146 105 102 85 82 68 64 62 62 62 61 59 53 53 50 49 48 42 41 41 41 40 39 38 33 32 32 31 30 29 29 24 23 23 22 21 21 21 20 20 19

Foreclosures in Minnesota (August 2009 Semi-Annual Report) HousingLink 612.522.2500

Page 21

57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87

Chippewa Houston Renville Nobles Grant Watonwan Big Stone Clearwater Cottonwood Cook Koochiching Lake Norman Pennington Swift Jackson Mahnomen Marshall Pipestone Redwood Rock Stevens Traverse Yellow Medicine Wilkin Lac qui Parle Lake of the Woods Murray Kittson Lincoln Red Lake

Q1 2008 6 2 15 8 2 10 1 10 3 1 7 12 5 5 8 8 7 3 1 6 3 2 2 5 8 2 3 6 0 2 0

Q2 2008 9 8 10 7 1 10 3 20 14 6 9 11 3 2 5 7 7 3 2 7 3 1 0 5 5 3 5 8 0 2 2

Q1-Q2 2008 Total 15 10 25 15 3 20 4 30 17 7 16 23 8 7 13 15 14 6 3 13 6 3 2 10 13 5 8 14 0 4 2

Q1 2009 6 6 6 5 6 6 5 5 3 1 2 2 1 4 6 4 3 3 5 3 4 2 4 4 1 3 3 1 1 1 0

Q2 2009 10 9 9 8 6 6 6 5 7 8 7 6 7 4 2 3 4 4 2 4 3 5 3 3 5 1 1 2 0 0 1

Q1-Q2 2009 Total 16 15 15 13 12 12 11 10 10 9 9 8 8 8 8 7 7 7 7 7 7 7 7 7 6 4 4 3 1 1 1

* Indicates a county did not maintain part or all of the data requested or was otherwise unable to provide the data.

Page 22

Foreclosures in Minnesota (August 2009 Semi-Annual Report) HousingLink 612.522.2500

Figure 10: Minnesota County Semi-Annual Foreclosure Counts (sorted by Q1-Q2 2008 Total)

Twin Cities Metro Greater Minnesota Minnesota 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55

Hennepin Ramsey Anoka Dakota Washington Wright Scott Sherburne Saint Louis Stearns Olmsted Crow Wing Chisago Rice Carver Mille Lacs Goodhue Pine Le Sueur Benton Douglas Steele Blue Earth Mower McLeod Carlton Freeborn Cass Dodge Kanabec Morrison Otter Tail Kandiyohi Winona Sibley Beltrami Itasca Todd Meeker Wabasha Clay Becker Waseca Aitkin Hubbard Clearwater Lyon Martin Renville Fillmore Faribault Lake Nicollet Watonwan Brown

Q1 2008 4,251 2,089 6,334

Q2 2008 4,851 2,414 7,257

Q1-Q2 2008 Total 9,102 4,503 13,591

Q1 2009 3,237 1,920 5,157

Q2 2009 3,666 2,266 5,932

Q1-Q2 2009 Total 6,903 4,186 11,089

1,823 775 475 552 297 268 248 125 113 119 88 104 77 79 81 59 55 51 52 41 26 39 34 40 27 31 47 27 24 33 31 18 22 24 18 21 26 22 13 24 16 19 10 14 7 10 12 15 15 8 11 12 11 10 11

2,080 871 685 554 344 276 247 236 123 101 128 86 103 93 70 73 52 52 49 44 57 42 45 33 46 38 20 38 34 24 26 34 30 25 27 22 17 20 27 15 22 16 23 16 23 20 13 10 10 16 13 11 11 10 8

3,903 1,646 1,160 1,106 641 544 495 361 236 220 216 190 180 172 151 132 107 103 101 85 83 81 79 73 73 69 67 65 58 57 57 52 52 49 45 43 43 42 40 39 38 35 33 30 30 30 25 25 25 24 24 23 22 20 19

1,349 579 464 323 249 217 196 177 79 97 68 102 84 64 77 44 26 42 43 40 39 28 32 30 32 15 26 14 15 27 23 20 18 22 10 26 11 21 11 17 20 17 13 29 15 5 13 8 6 9 13 2 15 6 10

1,373 659 543 451 356 217 201 170 97 210 91 106 93 82 83 61 27 60 39 45 23 31 36 32 29 26 36 35 14 37 30 22 21 18 14 22 22 17 21 12 21 15 17 21 26 5 10 15 9 13 8 6 16 6 11

2,722 1,238 1,007 774 605 434 397 347 176 307 159 208 177 146 160 105 53 102 82 85 62 59 68 62 61 41 62 49 29 64 53 42 39 40 24 48 33 38 32 29 41 32 30 50 41 10 23 23 15 22 21 8 31 12 21

Foreclosures in Minnesota (August 2009 Semi-Annual Report) HousingLink 612.522.2500

Page 23

56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87

Roseau Cottonwood Koochiching Chippewa Nobles Jackson Mahnomen Swift Murray Redwood Wilkin Polk Wadena Pope Houston Yellow Medicine Norman Lake of the Woods Cook Pennington Marshall Rock Lac qui Parle Big Stone Lincoln Grant Pipestone Stevens Traverse Red Lake Kittson Isanti*

Q1 2008 10 3 7 6 8 8 7 8 6 6 8 7 4 3 2 5 5 3 1 5 3 3 2 1 2 2 1 2 2 0 0 --

Q2 2008 9 14 9 9 7 7 7 5 8 7 5 5 8 7 8 5 3 5 6 2 3 3 3 3 2 1 2 1 0 2 0 --

Q1-Q2 2008 Total 19 17 16 15 15 15 14 13 14 13 13 12 12 10 10 10 8 8 7 7 6 6 5 4 4 3 3 3 2 2 0 --

Q1 2009 11 3 2 6 5 4 3 6 1 3 1 10 11 12 6 4 1 3 1 4 3 4 3 5 1 6 5 2 4 0 1 88

Q2 2009 10 7 7 10 8 3 4 2 2 4 5 10 9 7 9 3 7 1 8 4 4 3 1 6 0 6 2 5 3 1 0 120

Q1-Q2 2009 Total 21 10 9 16 13 7 7 8 3 7 6 20 20 19 15 7 8 4 9 8 7 7 4 11 1 12 7 7 7 1 1 208

* Indicates a county did not maintain part or all of the data requested or was otherwise unable to provide the data.

Page 24

Foreclosures in Minnesota (August 2009 Semi-Annual Report) HousingLink 612.522.2500

Figure 11

Minnesota Foreclosure Rates (Jan. 1 - Jun. 30 2009)* by County Actual number of foreclosures is indicated along with each county name od the Wo Lake of 4

Kit tso n 1

Roseau 21

s

Marshall 7

Koochiching 9

Beltrami 48

Pennington 8

Cook 9

Rock 7

Lyon 23

Pipestone 7

Murray 3

Nobles 13

Renv ille 15 ood Redw 7

Pi n 10 e 2

abe 64 c

Kan

0.50% - 0.75% (n = 6) 0.75% - 1.0% (n = 10)

Hennepin Ramsey 1238 2722 d Washington o Carver Le 605 c M 61 160 Scott Sibley 397 24 ue dh Ri o Le Sueur o 3 c Nicollet G 5 14 e 82 Wabasha 6 31 29

Brown 21

Cottonwood Watonwan Blue Earth 10 68 12 Jackson 7

Mille Lacs 105

t igh Wr 4 43

0.25% - 0.50% (n = 37)

Chisago An 177 ok 10 a 07

1.0% - 1.5% (n = 4)

1.5% and Up (n = 1)

ta ko Da 74 7

Yellow Medicine 7

Foreclosure Rates

0.0% - 0.25% (n = 29)

Martin 23

Faribault 21

Freeborn 62

Dodge 29

pew a 16

Sherburne 347

Steele 59

Chip

Stearns 307 Mee ke 32 r

Lac qui Parle 4

Ben ton 85

Waseca 30

Pope 19

Swift 8

Mor riso 53 n

Carlton 41

ti an Is 208

Big Stone 11

Crow Wing 208

Wadena 20

Douglas 62

Aitkin 50

Wilkin 6

Otter Tail 42

Traverse 7 St ev e 7 ns

Cass 49

Todd 38

Clay 41

Becker 32

G ra 12 nt

Lincoln 1

Hubbard 41

Mahnomen 7

Lake 8

St. Louis 176

Itasca 33

Kandiyohi 39

Norman 8

Clearwater 10

Red Lake 1

Po lk 20

Mower 62

Olm sted 159

0

25

Win on 40 a

Fillmore 22

Ho us 15 ton

50

100 Miles

«

Foreclosures in Minnesota: A Report Based on Sheriff 's Sale Data (August 2009)

Funded by: MN Home Ownership Center, Greater MN Housing Fund, Family Housing Fund, & MN Housing * Foreclosure Rate = the number of foreclosed mortgages as a percent of total residential parcels. Data Sources: County reported sheriff's sales and 2008 parcel counts from MN Department of Revenue page 25

Foreclosures in Minnesota (August 2009 Semi-Annual Report) HousingLink 612.522.2500

Figure 12: Minnesota County Quarterly Foreclosure Rates^ (sorted by county) Twin Cities Metro Greater Minnesota Minnesota Aitkin Anoka Becker Beltrami Benton Big Stone Blue Earth Brown Carlton Carver Cass Chippewa Chisago Clay Clearwater Cook Cottonwood Crow Wing Dakota Dodge Douglas Faribault Fillmore Freeborn Goodhue Grant Hennepin Houston Hubbard Isanti* Itasca Jackson Kanabec Kandiyohi Kittson Koochiching Lac qui Parle Lake Lake of the Woods Le Sueur Lincoln Lyon McLeod Mahnomen Marshall Martin Meeker Mille Lacs Morrison Mower Murray Nicollet Nobles Norman Olmsted Otter Tail Pennington Pine Pipestone

Page 26

Q1 2008 0.47 0.25 0.36

Q2 2008 0.53 0.27 0.40

Q3 2008 0.48 0.25 0.37

Q4 2008 0.41 0.20 0.31

Q1 2009 0.35 0.22 0.29

Q2 2009 0.40 0.26 0.33

0.18 0.44 0.16 0.17 0.36 0.04 0.19 0.11 0.25 0.28 0.24 0.12 0.42 0.09 0.29 0.05 0.06 0.42 0.43 0.35 0.19 0.17 0.09 0.37 0.33 0.07 0.48 0.03 0.09 -0.15 0.17 0.53 0.14 0.00 0.12 0.06 0.24 0.16 0.49 0.07 0.14 0.21 0.40 0.06 0.17 0.14 0.64 0.25 0.28 0.33 0.11 0.10 0.15 0.18 0.08 0.10 0.47 0.02

0.21 0.64 0.13 0.18 0.39 0.11 0.25 0.08 0.31 0.24 0.33 0.18 0.57 0.13 0.59 0.30 0.26 0.35 0.43 0.50 0.41 0.20 0.18 0.16 0.31 0.04 0.55 0.11 0.28 -0.10 0.15 0.38 0.20 0.00 0.15 0.09 0.22 0.27 0.46 0.07 0.15 0.36 0.40 0.06 0.11 0.30 0.79 0.21 0.23 0.12 0.11 0.09 0.09 0.26 0.14 0.04 0.48 0.05

0.21 0.53 0.10 0.12 0.37 0.04 0.19 0.10 0.20 0.33 0.29 0.14 0.62 0.15 0.12 0.10 0.09 0.41 0.41 0.35 0.21 0.15 0.08 0.19 0.27 0.25 0.50 0.00 0.22 -0.09 0.11 0.65 0.14 0.00 0.05 0.09 0.20 0.11 0.29 0.07 0.10 0.40 0.17 0.00 0.18 0.39 0.69 0.29 0.19 0.07 0.22 0.09 0.15 0.21 0.11 0.12 0.43 0.07

0.14 0.52 0.14 0.11 0.47 0.07 0.21 0.11 0.25 0.30 0.16 0.06 0.43 0.07 0.03 0.00 0.07 0.28 0.34 0.20 0.24 0.09 0.07 0.24 0.22 0.11 0.41 0.08 0.23 -0.08 0.13 0.41 0.14 0.00 0.14 0.06 0.10 0.11 0.33 0.13 0.03 0.29 0.17 0.12 0.12 0.22 0.55 0.18 0.20 0.05 0.16 0.03 0.09 0.17 0.09 0.04 0.27 0.07

0.38 0.43 0.14 0.21 0.35 0.19 0.17 0.10 0.12 0.27 0.12 0.12 0.46 0.12 0.15 0.05 0.06 0.42 0.25 0.22 0.28 0.20 0.10 0.21 0.16 0.21 0.35 0.08 0.18 0.65 0.06 0.09 0.43 0.12 0.04 0.03 0.09 0.04 0.16 0.40 0.03 0.15 0.25 0.17 0.06 0.09 0.12 0.48 0.18 0.21 0.02 0.15 0.07 0.03 0.14 0.08 0.08 0.38 0.12

0.27 0.51 0.12 0.18 0.40 0.22 0.20 0.11 0.21 0.29 0.31 0.20 0.51 0.12 0.15 0.40 0.13 0.43 0.35 0.20 0.16 0.12 0.15 0.29 0.16 0.21 0.36 0.12 0.32 0.88 0.13 0.06 0.59 0.14 0.00 0.12 0.03 0.12 0.05 0.37 0.00 0.12 0.23 0.23 0.08 0.17 0.23 0.66 0.24 0.22 0.05 0.16 0.10 0.20 0.19 0.09 0.08 0.55 0.05

Foreclosures in Minnesota (August 2009 Semi-Annual Report) HousingLink 612.522.2500

Polk Pope Ramsey Red Lake Redwood Renville Rice Rock Roseau Saint Louis Scott Sherburne Sibley Stearns Steele Stevens Swift Todd Traverse Wabasha Wadena Waseca Washington Watonwan Wilkin Winona Wright Yellow Medicine

Q1 2008 0.06 0.06 0.53 0.00 0.09 0.22 0.41 0.07 0.17 0.15 0.59 0.44 0.30 0.26 0.31 0.05 0.18 0.22 0.10 0.28 0.07 0.15 0.37 0.23 0.27 0.15 0.65 0.11

Q2 2008 0.04 0.14 0.60 0.11 0.11 0.15 0.49 0.07 0.15 0.17 0.59 0.83 0.45 0.22 0.34 0.03 0.11 0.20 0.00 0.18 0.15 0.34 0.43 0.23 0.17 0.16 0.67 0.11

Q3 2008 0.11 0.12 0.53 0.06 0.06 0.04 0.37 0.07 0.15 0.18 0.61 0.81 0.18 0.32 0.27 0.19 0.15 0.21 0.05 0.24 0.15 0.24 0.39 0.14 0.07 0.13 0.57 0.13

Q4 2008 0.03 0.04 0.42 0.06 0.09 0.09 0.29 0.10 0.05 0.14 0.48 0.68 0.32 0.13 0.27 0.05 0.02 0.18 0.05 0.30 0.26 0.12 0.38 0.16 0.03 0.13 0.56 0.11

Q1 2009 0.09 0.24 0.40 0.00 0.05 0.09 0.33 0.10 0.19 0.11 0.47 0.63 0.17 0.22 0.23 0.05 0.13 0.21 0.20 0.20 0.20 0.19 0.31 0.14 0.03 0.14 0.53 0.09

Q2 2009 0.09 0.14 0.45 0.06 0.06 0.13 0.43 0.07 0.17 0.13 0.48 0.60 0.24 0.47 0.25 0.13 0.04 0.17 0.15 0.14 0.17 0.25 0.45 0.14 0.17 0.11 0.53 0.06

^ Foreclosure rate = the number of foreclosed mortgages as a percent of total residential parcels. Rate calculation for 2008 is based on MN Dept. of Revenue 2008 parcel counts. 2009 parcel counts are expected to be available in December, 2009; thus, the rate calculation for YTD 2009 is based on 2008 parcel counts. * Indicates a county did not maintain part or all of the data requested or was otherwise unable to provide the data.

Foreclosures in Minnesota (August 2009 Semi-Annual Report) HousingLink 612.522.2500

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Figure 13: Minnesota County Semi-Annual Foreclosure Rates^ (sorted by Q1-Q2 2009 Rate) Twin Cities Metro Greater Minnesota Minnesota 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59

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Isanti* Sherburne Mille Lacs Wright Kanabec Chisago Scott Anoka Pine Crow Wing Ramsey Le Sueur Rice Washington Benton Hennepin Stearns Aitkin Dakota Carver Hubbard Freeborn McLeod Steele Cook Douglas Waseca Mower Cass Grant Dodge Morrison Big Stone Sibley Mahnomen Todd Beltrami Pope Blue Earth Wadena Meeker Traverse Roseau Wabasha Carlton Olmsted Chippewa Goodhue Faribault Nicollet Clearwater Watonwan Lyon Becker Martin Kandiyohi Winona Fillmore Saint Louis

Q1-Q2 2008 Rate 1.00 0.52 0.76

Q3-Q4 2008 Rate 0.89 0.46 0.68

Q1-Q2 2009 Rate 0.76 0.47 0.62

-1.27 1.43 1.32 0.91 0.99 1.19 1.08 0.94 0.77 1.13 0.95 0.90 0.81 0.75 1.03 0.49 0.39 0.86 0.52 0.37 0.53 0.58 0.65 0.35 0.59 0.49 0.51 0.57 0.11 0.85 0.46 0.15 0.76 0.79 0.43 0.34 0.20 0.43 0.22 0.45 0.10 0.32 0.46 0.56 0.45 0.30 0.64 0.36 0.22 0.88 0.46 0.29 0.29 0.28 0.34 0.31 0.27 0.32

-1.49 1.25 1.13 1.07 1.05 1.10 1.05 0.70 0.69 0.94 0.62 0.66 0.77 0.84 0.91 0.45 0.35 0.75 0.64 0.46 0.43 0.68 0.54 0.10 0.46 0.35 0.40 0.45 0.35 0.56 0.47 0.11 0.50 0.34 0.40 0.23 0.16 0.40 0.41 0.61 0.10 0.20 0.53 0.45 0.39 0.20 0.49 0.24 0.39 0.15 0.30 0.14 0.24 0.30 0.28 0.26 0.15 0.32

1.53 1.23 1.14 1.06 1.02 0.97 0.95 0.94 0.93 0.85 0.85 0.77 0.76 0.76 0.75 0.72 0.68 0.65 0.60 0.55 0.51 0.49 0.48 0.48 0.45 0.44 0.44 0.43 0.43 0.42 0.42 0.42 0.41 0.40 0.40 0.39 0.38 0.38 0.37 0.37 0.36 0.36 0.35 0.34 0.33 0.33 0.32 0.32 0.32 0.32 0.29 0.27 0.26 0.26 0.26 0.26 0.25 0.25 0.24

Foreclosures in Minnesota (August 2009 Semi-Annual Report) HousingLink 612.522.2500

60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87

Clay Norman Renville Lake of the Woods Brown Wilkin Houston Itasca Stevens Cottonwood Swift Otter Tail Rock Polk Nobles Pipestone Pennington Lake Koochiching Yellow Medicine Jackson Marshall Lac qui Parle Redwood Murray Red Lake Kittson Lincoln

Q1-Q2 2008 Rate 0.22 0.23 0.37 0.43 0.19 0.45 0.13 0.25 0.08 0.32 0.29 0.22 0.15 0.10 0.20 0.07 0.14 0.45 0.28 0.22 0.32 0.12 0.14 0.20 0.33 0.11 0.00 0.13

Q3-Q4 2008 Rate 0.22 0.23 0.13 0.22 0.21 0.10 0.08 0.17 0.24 0.17 0.18 0.20 0.17 0.15 0.12 0.14 0.17 0.30 0.19 0.24 0.23 0.12 0.14 0.15 0.12 0.11 0.00 0.20

Q1-Q2 2009 Rate 0.24 0.23 0.22 0.22 0.21 0.21 0.20 0.19 0.19 0.19 0.18 0.18 0.17 0.17 0.17 0.17 0.17 0.16 0.15 0.15 0.15 0.14 0.11 0.11 0.07 0.06 0.04 0.03

^ Foreclosure rate = the number of foreclosed mortgages as a percent of total residential parcels. Rate calculation for 2008 is based on MN Dept. of Revenue 2008 parcel counts. 2009 parcel counts are expected to be available in December, 2009; thus, the rate calculation for YTD 2009 is based on 2008 parcel counts. * Indicates a county did not maintain part or all of the data requested or was otherwise unable to provide the data.

Foreclosures in Minnesota (August 2009 Semi-Annual Report) HousingLink 612.522.2500

Page 29

Figure 14: Minnesota County Semi-Annual Foreclosure Rates^ (sorted by Q1-Q2 2008 Rate) Twin Cities Metro Greater Minnesota Minnesota 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59

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Mille Lacs Wright Sherburne Scott Ramsey Anoka Hennepin Chisago Le Sueur Pine Kanabec Rice Clearwater Dakota Dodge Washington Mahnomen Crow Wing Sibley Benton Steele Goodhue Douglas McLeod Cass Carlton Freeborn Carver Mower Stearns Waseca Wabasha Watonwan Morrison Lake Olmsted Meeker Wilkin Lake of the Woods Blue Earth Todd Aitkin Hubbard Renville Faribault Cook Beltrami Kandiyohi Murray Roseau Jackson Saint Louis Cottonwood Winona Chippewa Lyon Swift Becker Martin

Q1-Q2 2008 Rate 1.00 0.52 0.76

Q3-Q4 2008 Rate 0.89 0.46 0.68

Q1-Q2 2009 Rate 0.76 0.47 0.62

1.43 1.32 1.27 1.19 1.13 1.08 1.03 0.99 0.95 0.94 0.91 0.90 0.88 0.86 0.85 0.81 0.79 0.77 0.76 0.75 0.65 0.64 0.59 0.58 0.57 0.56 0.53 0.52 0.51 0.49 0.49 0.46 0.46 0.46 0.45 0.45 0.45 0.45 0.43 0.43 0.43 0.39 0.37 0.37 0.36 0.35 0.34 0.34 0.33 0.32 0.32 0.32 0.32 0.31 0.30 0.29 0.29 0.29 0.28

1.25 1.13 1.49 1.10 0.94 1.05 0.91 1.05 0.62 0.70 1.07 0.66 0.15 0.75 0.56 0.77 0.34 0.69 0.50 0.84 0.54 0.49 0.46 0.68 0.45 0.45 0.43 0.64 0.40 0.45 0.35 0.53 0.30 0.47 0.30 0.39 0.61 0.10 0.22 0.40 0.40 0.35 0.46 0.13 0.24 0.10 0.23 0.28 0.12 0.20 0.23 0.32 0.17 0.26 0.20 0.14 0.18 0.24 0.30

1.14 1.06 1.23 0.95 0.85 0.94 0.72 0.97 0.77 0.93 1.02 0.76 0.29 0.60 0.42 0.76 0.40 0.85 0.40 0.75 0.48 0.32 0.44 0.48 0.43 0.33 0.49 0.55 0.43 0.68 0.44 0.34 0.27 0.42 0.16 0.33 0.36 0.21 0.22 0.37 0.39 0.65 0.51 0.22 0.32 0.45 0.38 0.26 0.07 0.35 0.15 0.24 0.19 0.25 0.32 0.26 0.18 0.26 0.26

Foreclosures in Minnesota (August 2009 Semi-Annual Report) HousingLink 612.522.2500

60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87

Koochiching Fillmore Itasca Norman Nicollet Wadena Clay Otter Tail Yellow Medicine Pope Redwood Nobles Brown Big Stone Rock Pennington Lac qui Parle Houston Lincoln Marshall Red Lake Grant Polk Traverse Stevens Pipestone Kittson Isanti

Q1-Q2 2008 Rate 0.28 0.27 0.25 0.23 0.22 0.22 0.22 0.22 0.22 0.20 0.20 0.20 0.19 0.15 0.15 0.14 0.14 0.13 0.13 0.12 0.11 0.11 0.10 0.10 0.08 0.07 0.00 --

Q3-Q4 2008 Rate 0.19 0.15 0.17 0.23 0.39 0.41 0.22 0.20 0.24 0.16 0.15 0.12 0.21 0.11 0.17 0.17 0.14 0.08 0.20 0.12 0.11 0.35 0.15 0.10 0.24 0.14 0.00 --

Q1-Q2 2009 Rate 0.15 0.25 0.19 0.23 0.32 0.37 0.24 0.18 0.15 0.38 0.11 0.17 0.21 0.41 0.17 0.17 0.11 0.20 0.03 0.14 0.06 0.42 0.17 0.36 0.19 0.17 0.04 1.53

^ Foreclosure rate = the number of foreclosed mortgages as a percent of total residential parcels. Rate calculation for 2008 is based on MN Dept. of Revenue 2008 parcel counts. 2009 parcel counts are expected to be available in December, 2009; thus, the rate calculation for YTD 2009 is based on 2008 parcel counts. * Indicates a county did not maintain part or all of the data requested or was otherwise unable to provide the data.

Foreclosures in Minnesota (August 2009 Semi-Annual Report) HousingLink 612.522.2500

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