Welcome to the Minnesota Home Ownership Center's press room. Here you can browse our press releases and learn about our work to make home ownership attainable and sustainable for people across Minnesota.
The information is designed to provide resources for members of the media interested in the latest information about home ownership in Minnesota and the Center's work to support home buyer and home owners struggling or in danger of foreclosure.
Media Contacts
For further information, members of the media can contact:
Ed Nelson, Marketing and Communications Manager
(651) 659 - 9336 x 104
ed@hocmn.org
Recent Sightings: In the News
Center Press Release (8/12/09)
New Report Shows Decline in Foreclosures in Minnesota During First Half of Year |
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A report published this week shows there were 11,089 foreclosures in Minnesota at the end of the second quarter, compared to 13,591 during the same period last year. The report, titled “Foreclosures in Minnesota”, analyzes sheriff’s sale data, the primary means of identifying foreclosures, from all Minnesota Counties. Minnesota is unique among other states in the availability of current, comprehensive sheriff’s sale data. HousingLink and the University of Minnesota’s Center for Urban and Regional Affairs (CURA), have been collecting and analyzing sheriff’s sale data since 2007 as part of an ongoing effort to keep people informed about foreclosure trends in Minnesota.
To view the entire press release, click here.
To view the report, click here.
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Center Press Release (6/1/2009)
Local and National Organizations Partner to Combat Foreclosures in Minnesota |
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| The Minnesota Home Ownership Center and Federal Reserve Bank of Minneapolis are joining with two national organizations, HOPE NOW and NeighborWorks America, to bring a large-scale foreclosure prevention workshop to the Twin Cities later this week. The event, which is free and open to the public, will be held on Thursday, June 4th from 2:00 - 8:00 pm at the St. Paul RiverCentre. To view the entire press release, click here. |
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Center Press Release (04/29/2009)
Foreclosure Prevention Efforts Saved Almost $300mm last year |
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St. Paul, Minn. (April 29, 2009) – Nearly 5,000 foreclosures were prevented in Minnesota last year, saving home owners, lenders, neighborhoods and local governments up to approximately $300 million, according to a study released today by the Minnesota Home Ownership Center. The report, titled “2008 Foreclosure Counseling Program Report,” analyzed information collected from home owners seeking foreclosure counseling and counseling outcomes from the Minnesota Home Ownership Center’s statewide network of mortgage support advisors. Last year 11,809 home owners received counseling from a mortgage support advisor – a 145 percent increase over the number of homeowners counseled in 2007.
To view the complete report, click here.
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MN Credit Union Network Press Release (3/30/09)
MN Credit Union Network Teams up with Minnesota Home Ownership Center |
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As foreclosures and their consequences continue to spread across the state and the nation, the Minnesota Credit Union Network (MnCUN) has teamed up with the Minnesota Home Ownership Center to provide credit unions access to a certified network of foreclosure counselors to help struggling members. Through this network, counseling agencies are available in every county in the state.
While Minnesota credit unions have been proactively working to assist members who encounter hard times, this relationship with The Center gives credit unions another tool to have at their disposal. Credit unions can refer members who are facing the threat of foreclosure to a Home Ownership Center-certified counselor, all of whom provide services free of charge.
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Center Press Release (1/27/09)
Loan Modification Companies Offer Distressed Homeowners Little Help for a Big Fee |
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Press Kit
Additional information about the Minnesota Home Ownership Center:
 Minnesota Home Ownership Center Staff Bios |
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| Fact Sheet: The Minnesota Home Ownership Center |
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| Fact Sheet: Foreclosure In Minnesota |
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| Fact Sheet: Non-Traditional Loans In Minnesota |
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| Fact Sheet: Consumer Alert! Fee based loan modifications |
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| Fact Sheet: HOPE Act for Home Owners |
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| Fact Sheet: Tax Incentives for First-Time Buyers in 2009 |
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| Fact Sheet: Mortgage Debt Forgiveness |
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| Fact Sheet: Tax Issues: Foreclosure and Workouts |
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| Fact Sheet: Understanding Workout Options |
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| Fact Sheet: Homeowner Rights During Redemption Period |
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| Report: Coordinated Plan to Address Foreclosures (Update 3/09) |
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