Spotlight shines on foreclosure's ripple effects

  • Article by: COREY MITCHELL , Star Tribune
  • Updated: October 10, 2011 - 7:26 PM

A civic campaign this week in Minneapolis looks to underscore joblessness, declining schools, foreclosures.

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sevengenOct. 10, 11 7:50 PM

This, among many other similar problems, is why the Occupy MN people are protesting.

sevengenOct. 10, 11 7:50 PM

Banks got bailed out, we got sold out.

dorkeemnOct. 10, 11 8:53 PM

If the banks didn't have the money to borrow - these people wouldn't have houses - you buy what you can afford - what's the bank supposed to do? let people live in houses and not pay? Where do I sign up??

oglethorpieOct. 10, 11 8:59 PM

Ok, let me get this straight. Because people couldn't make their mortgage payments on homes they couldn't afford, the victim in all this is the teachers union because people had to move away and so their dues-paying membership is down. Or something.

evilobamaOct. 10, 11 9:04 PM

The reality is that nobody forced these people to buy these homes. The terms and conditions are clearly spelled out in the contract. It is not the banks responsibility to pay your house payments. That is your responsibility, what we have here is a lack of accountability and a true understanding as to who is responsible. If you are going to make a purchase, it is your responsibility to live up to the terms - pay your bills and nobody gets evicted or foreclosed on.

archer929Oct. 10, 11 9:10 PM

Sounds to me like they're just trying to come up with a different reason for why people are getting out of north mpls...blaming it on forclosures when they should just admit that anyone with half a brain is using it as a good excuse to leave a part of town that has really gone in the tank, realizing that they will never make enough money to pay off the mortgage anyway so stay a few months for free, save up, and go rent or buy something somewhere else

empireofendoOct. 10, 11 9:13 PM

Should we go back to letting banks write mortgages for people who really can't afford them?

augsburg54Oct. 10, 11 9:15 PM

Silly, Evil Banks.....don't you know that it's wrong to take away a persons house. Who cares if they never made the payments, houses should be free! How dare those evil banks foreclose on someone....even though every morgage signer read the large print "truth in lending" form which clearly spells out the terms of the loan. Evil, Evil Banks!!! Hey does anyone know when they're givig out free Cadillacs....cause I should have one of those too!

liberaleliteOct. 10, 11 9:18 PM

To be fair, a lot of us young professionals DID benefit from foreclosures... we were able to buy affordable homes. Thanks Deutsche bank for my cute South Minneapolis bungalow, half price!

iver0187Oct. 10, 11 9:26 PM

To the lady holding the sign (which some union hack more than like made for her): What exactly does Wells Fargo "owe" our children?


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