In search of Minneapolis homeowners who need help with mortgage issues

  • Article by: STEVE BRANDT , Star Tribune
  • Updated: March 23, 2011 - 1:09 PM

Braving cold and dark, volunteers are combing Minneapolis' North Side in search of homeowners who may be nearing trouble with their mortgages.

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kdawg1959Dec. 3, 08 9:24 PM

What is this going to accomplish? I'm lost. can't pay mortgage. Obama is going to save you? Mortgage companies need to stop rate changes and forgive people who have been scammed. The mortgage company purchased the bad loan and need to face the music.

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ytsirkredynsDec. 3, 0810:08 PM

I applaud this group's efforts in being proactive. Not only is this good for homeowners who got taken advantage of on the north side, it is good for our entire economy! Shame on Barb Johnson for not seeing the larger implications!

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lvpops53Dec. 3, 0810:45 PM

I lived on the North side. My Dad went to the OLD North High. I lived at 22nd and Aldrich. I got out. I don't care about those people anymore. If they are to stupid to be taken by a sub-prime loan, well, that's just to bad. I just don't care.

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earthlingDec. 4, 08 4:06 AM

I too applaud the emotion of trying to help folks. But you're all a bit too late. The patient bled out, and is mostly buried. Home values have pummeted on the North side, unfortunately, and that is the real story. Noone who owns can move, even if they bought 10 to 15 years ago. All they can do is give the house back to the bank. People paid $150k in 2006 for a home that now goes for $25k. You tell me the smart financial move, even if you don't need to move...Get out of the mortgage on a home that has lost 75% of its value, or ruin your credit for 7 years. Ethically, it's wrong, but THE PEOPLE ARE SPEAKING!

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oldblue48Dec. 4, 08 5:41 AM

Thought the ACORN season was over. The nuts are still falling from the trees.

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Truckman182Dec. 4, 08 7:54 AM

If you are going to do this than everybody should be included. Northside, East Side, West Side, Southside, everybody. Why is just the Northside getting the help? This is a mess everywhere. However we live in a capitalist society not socialist. The strong survive and weak don't. Hard facts of life in America but it is how this country was built and how it has prospered.

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ELYMANDec. 4, 08 8:05 AM

Call on Hennepin County Sheriff and Board to put a halt to foreclosures sales and evictions. Make U.S. Bank and Wells Fargo use their 'Bailout" money to reset mortgages to low rates, no balloon. This will stop the plunge in property values for everyone. And not just on the northside.

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bracystakeDec. 4, 08 8:17 AM

The people who live in these communities is doing something really positive to help educate their neighbors. Yes, it may be too late for some, but at least some people are out there trying to help direct people to resources. Maybe there's still time to help some of them make a better situation out of the one they're currently in. Self-motivation and helping your fellow man appear to still exist. Thank you to these good-intentioned people for trying to do their part.

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boyoboyDec. 4, 08 8:19 AM

Well folks, the housing welfare program finally self destructed. How in the world could anyone believe that allowing people to buy homes that they couldn't afford in the first place work in the long run? Simple math would have told these people they couldn't afford to buy these homes. Whatever happened to common sense and reason.

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gmu621Dec. 4, 08 8:33 AM

You probably think ACORN is just some nice people trying to help people with housing. The truth is ACORN is the biggest voter fraud organization in America. You probably don't know that because the libs at the Strib will never investigate ACORN. Acorn is here to scam you!

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