Mortgage foreclosures in Hennepin County during January - July of 2010 numbered 3,700. This number compares with 3,237 (2009) and 4,584 (2008) during comparable periods in the past two years. Foreclosures during 2009 numbered 5,649, compared with a total of 7,348 during 2008, 5,668 during 2007, 3,039 in 2006, and 1,670 in 2005. View this information on a special map.
Foreclosures in suburban Hennepin County outside Minneapolis during January - July of 2010 numbered 2,342, or 63.3% of the total. The City of Minneapolis provides official foreclosure sales data on its web site.
Hennepin County housing staff is evaluating data to determine areas of highest foreclosure impact and greatest need for utilization of anticipated federal funding from the new Neighborhood Stabilization Program (NSP) to address the nationwide foreclosure epidemic. The federal government has allocated approximately $3.9 million to Hennepin County and $5.6 million to Minneapolis from the Housing and Economic Recovery Act of 2008 (HERA).
