Photo: #The foreclosure crisis has led to a sharp increase in the number of abandoned buildings in the city of Minneapolis. The city's list of vacant and boarded properties has grown to over 800. City officials say monitoring and managing all these buildings is draining city resources.
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The foreclosure crisis has led to a sharp increase in the number of abandoned buildings in the city of Minneapolis. The city's list of vacant and boarded properties has grown to over 800. City officials say monitoring and managing all these buildings is draining city resources. (MPR Photo/Brandt Williams)

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Bailout

Coverage of the federal government's bailout of the financial industry.

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Bailout

Bailout plan for homeowners


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St. Paul, Minn. — Obama announces his mortgage aid plan this week, but both homeowners and the markets are skeptical that the goverment's $50 billion proposal can slow the increasing rates of foreclosure.



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  • Lori Montgomery: is a financial reporter for the Washington Post.
  • Cheryl Peterson: manager of the Twin Cities Habitat for Humanity foreclosure counseling service in Minneapolis.

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