Partners in East Central MN :
The MN Home Ownership Center (MNHOC) has released their 2010 Semi-Annual Foreclosures in Minnesota
The breakdown is as follows: #2: Isanti – 1.27%, #3: Chisago – 1.25%, #5: Kanabec – 1.17%, #7: Mille Lacs – 1.12% and #9: Pine – 1.06%.
This report can be found online at: http://www.hocmn.org/en/reports-fp.cfm
We continue to promote foreclosure prevention counseling through the MNHOC. Below are preforeclosure numbers from our region (usually initiated after several months of a mortgage not being paid) for the month of July, 2010, and the corresponding number of these who seek counseling from MNHOC / LSS. All in preforeclosures are sent info on this free counseling service from the MNHOC/LSS.
County # of pre-foreclosures (7/2010) LSS Preforeclosure Counseling Clients
Pine 45 12
Isanti 84 13
Chisago 84 15
Kanabec 27 6
Mille Lacs 64 6
As the numbers show, a low percentage of preforeclosure owners are seeking counseling / assistance from MN HOC/LSS even though they receive info on this. MN HOC has told us that it is common for people in foreclosure to have other delinquent bills (car payment, utilities, credit card, etc) and often don’t open their mail fearing more bad news. Any help towards spreading the info about foreclosure counseling is appreciated. If you are in need of more foreclosure prevention literature please contact Greg Owens at gowens@cpride.com or myself at Jordan.zeller@ecrd.org
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