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Posted: Friday, 20 November 2009 7:35AM

Thousands Of Minnesotans Face Foreclosure



More than 92 thousand Minnesota home owners are in foreclosure or facing the possibility of foreclosure.  The Mortgage Bankers Association says nearly 7 percent of all mortgage holders in the state were behind in their payments in the third quarter which is a record high.    Nationwide nearly 10 percent of loans are at least 30 days past due.   Minnesota ranks 39th among all states in delinquencies but 15th in foreclosures underway.   



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