The graph above shows loans that are currently 60 days or more delinquent but that were current just 6 months ago. You can certainly see the upswing that started in the middle of 2010.
The LPS report also has some, albeit limited, information regarding Minnesota. For example, in their table on the Delinquency and Foreclosure Rate, Minnesota ranks 42nd in the nation (that's a good thing!) in percentage of delinquent mortgages:
According to the chart, our delinquency rate is about 34% lower than the national average of 9.27%.
Another chart that contains information about Minnesota shows that the average number of days delinquent for loans that are in foreclosure (time delinquent before foreclosure sale) has increased 85% since 2008, and now overages over a year - 386 days to be exact:
Not only is it taking lenders/servicers longer to foreclose... the number of foreclosures is starting to increase again. This problem is NOT going to go away soon. Thousands of Minnesota families are still struggling every month to make their mortgage payments! If you, or someone you know is struggling... don't wait, contact a member of the Minnesota Home Ownership Center's network of foreclosure counseling agencies TODAY. The sooner you call, the more options you have available!