Stay Curious. Stay Connected.
MailNewsletters♡Donate Now
Sign up
*Password must be at least 8 characters and contain one uppercase letter, one lowercase letter, one number and one symbol.
Already have an account?
By submitting, you consent that you are at least 18 years of age and to receive information about MPR's or APMG entities' programs and offerings. The personally identifying information you provide will not be sold, shared, or used for purposes other than to communicate with you about MPR, APMG entities, and its sponsors. You may opt-out at any time clicking the unsubscribe link at the bottom of any email communication. View our Privacy Policy.
Sign in to your profile
Forgot Password?
New to MPR News?
Welcome back
to news
for you
Reset Password

Enter the username on file and we'll send you a code to reset your password.

Still require assistance or not sure what your User Name is?
Welcome back
to news
for you
Email Verification

A verification code has been emailed to

Still awaiting the code?
Jessica Mador
St. Paul, Minn.

RealtyTrac: Foreclosure activity could rise

Go Deeper.

Create an account or log in to save stories.

Like this?

Thanks for liking this story! We have added it to a list of your favorite stories.

Research firm RealtyTrac says initial foreclosure notices were up in the first quarter of this year compared to a year ago. That's the second increase in a row for initial notices, which could signal another wave of foreclosures.

There were more than 7,500 foreclosure filings in Minnesota in the first three months of the year. Realtytrac's Daren Blomquist said that although the number of filings fell slightly from the same time last year, initial foreclosure notices were up by 11 percent.

"And so on the surface, that is a good thing, Blomquist said. "There is a downward trend in foreclosure activity."

"The caution there is that we are seeing an increase on the front end of the foreclosure process which is foreshadowing an increase in actually completed foreclosures going forward as well," Blomquist added.

Lenders restarted the foreclosure process after more than a year of delays, Blomquist said. Many lenders slowed the pace of foreclosures amid questions about procedures and foreclosure documentation.