Waite Park foreclosure update

Most of Waite Park was originally designated as an at-risk area for foreclosures in 2009, qualifying it for Neighborhood Stabilization Program (NSP) funding. However in the past 7 months the foreclosure crisis seems to have stabilized. From 05/01/09-08/03/09 there were 4 foreclosures in Waite Park, of which only two had been in foreclosure for more than 6 months. All of those properties have since been re-occupied.

From 08/03/09-12/02/09 there have been 5 foreclosures in Waite Park. The properties (listed below) have been referred to the Greater Metropolitan Housing Corporation (GMHC), which works with the City of Minneapolis to renovate housing; any of this most recent group of foreclosures that have not yet been reoccupied could be considered by GMHC as candidates for the NSP program mentioned above.

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#              address                                                       date of foreclosure

909072    3559 Pierce St. N E, Minneapolis                   09/03/09
910235    3135 Johnson St. N E, Minneapolis               10/14/09
909300    3214 Johnson St. N E, Minneapolis                09/18/09
908365    3611 Benjamin St. N E, Minneapolis              08/27/09
910056    1612 Hollywood Ave. N E, Minneapolis         10/02/09

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If area residents have any input regarding foreclosures, the condition of foreclosed properties, vandalism of foreclosed properties, or any other concerns regarding foreclosures, please contact Jason Schoch of the Waite Park Community Council at waiteparkcc@gmail.com.