The Minnesota Independent

Mortgage Meltdown - Latest Stories

How’s the neighborhood? Minneapolis foreclosures on pace to surpass last year’s record

By Molly Priesmeyer | 04.21.08 | 10:46 am

Now that the ice has thawed and Minneapolis residents are shaking off that long hibernation, the cusp of spring is revealing new colors: red foreclosure signs on front doors; orange letters of condemnation; gray, city-placed…

MinMon video: North side story — a vacant-home tour

By Molly Priesmeyer | 04.11.08 | 10:00 am

Story by Molly Priesmeyer, video by Dan Haugen

You don’t have to go far into North Minneapolis to see it: Homes made dark by boards covering windows and doors. Most of the boarded homes here are festooned with gray plywood.…

Foreclosure bill author: Time for governor, Legislature to hear ‘wake-up call’ in housing crisis

By Molly Priesmeyer | 04.08.08 | 2:17 pm

It seems that every week brings new proposals aimed at stemming the tide of foreclosed and abandoned homes. But aside from new anti-predatory lending laws, most of the solutions for strapped homeowners have been met with stiff opposition.…

Friday financials: Get ready for that watery Easter chicken

By Molly Priesmeyer | 03.21.08 | 10:09 am

Good Friday? Maybe if you’re Warren Buffett. He got a bump of $10 billion last year; homeowners saw their home prices plummet by 10 percent. So what happens when equity gets all dried up?

Well,…