Featured discussion: Foreclosure: It's not just for poor people anymore

Posted at 3:53 PM on November 28, 2007 by Julia Schrenkler

Bob Collins published an interesting discussion on Gather: Foreclosure: It's not just for poor people anymore. He notes,

The mortgage foreclosure crisis isn't just another blot on lower-income neighborhoods. Sometimes it's a blot on the toney ones, as a search of Hennepin County's foreclosure database shows.

He goes on to profile an investor who had to foreclose on a Kenwood Parkway address. Of course it didn't just affect the house owner, it has a block-wide impact. Has your neighborhood been hit with a foreclosure? Join the online discussion to share your comments or give Bob another angle to consider.