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St. Paul, Minn.

Bailout plan for homeowners

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Foreclosed
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

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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Foreclosed
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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