Up for foreclosure: North Minneapolis
Some friends in our small group forwarded this map of foreclosures in our neighborhood. It's easy to see signs of this just driving around: house auction signs, boarded windows, and overgrown lawns. What's really amazing is how recent many of these mortgages are, only 1 or 2 years old. Somebody was definitely out to make a quick buck from closing costs and interest. Not that I'd know, but I've never heard of something like this happening before, and I really wonder how it will end up reshaping the fabric of the neighborhood. Since many of this properties will probably end up as low-quality rentals, I can't think it's a good thing.