While the causes of foreclosure are generally well understood, the outcomes of foreclosure have been poorly documented. Although rare, home redemptions – when foreclosed homeowners retain their home after it has been sold in a foreclosure auction – are a possible outcome. This paper explores the occurrence of foreclosure redemptions in Hennepin County, Minnesota in the year 2005, and examines how and why some homeowners were able to keep their house after being foreclosed upon. Using GIS data from the Hennepin County Sheriff’s Office and County Assessor, this paper analyzes the likelihood and spatial patterns of redemption.
Samuelson, Michael, "A Homeowner’s Last Gasp: Looking at the Redemption Process in Hennepin County, Minnesota" (2009). Honors Projects. Paper 16.
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