Op ed about the Homeowner's Bill of Rights
Tuesday, 30 April 2013 09:39
Lyndel Owens
The tragedies of foreclosures for the family involved are no mystery. Yet, the burden foreclosure creates also rests squarely, and silently, on the shoulders of local and state taxpayers. Minnesota municipalities expend nearly $20,000 per vacant property each year for maintenance costs, and houses within an eighth of a mile of a foreclosed home loose almost $2,000 in equity simply because of proximity. To discontinue the trend of Minnesota having three times as many foreclosed homes in "post-crisis" 2012 compared to 2005, or 20,000 foreclosures per year for the sixth year in a row, I support enacting the Homeowner's Bill of Rights, currently in the legislature. The bill enacts common sense laws to give basic rights to families who face foreclosure.
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