Home foreclosures dip in MN

MPR reports that home foreclosures fell slightly in the first quarter of 2009, compared to the first quarter of 2008. But that may not be a meaningful change, because many lending institutions put a freeze on foreclosures for the first few months of the year. Now the freeze is over, and foreclosures will probably go back up. Is the pace of foreclosure slowing? Or is this a temporary blip? Nobody knows for sure, but with 5,200 foreclosures in the state during the first three months, there’s still plenty of pain going around.

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