The city of Minneapolis, which lies on both banks of the Mississippi River just north of the river's confluence with the Minnesota River and adjoins Saint Paul (the state's capital), is the largest city in the United States and the state of Minnesota, and is the county seat of Hennepin County. In 2007, the city's populations was estimated to be around 377,390. The city is rich in water with over twenty lakes, wetlands, creeks, waterfalls and not to mention the Mississippi River, and was therefore aptly nicknamed "City of Lakes". Once known as the world's flour milling capital, the city was also nicknamed "Mill City".

Mortgage is a financial program that help consumers own a property in an easy and simple way. First, the main document that is required is the consumer's financial sources. Consumer's income must be enough in able to be qualified to make a loan. A piece of property can be used as a security for the payment of a loan or a debt, also known as the "collateral" that becomes void when the debt is paid.

The city of Minneapolis bought approximately 160 foreclosed homes at discounted rates while working directly with lenders. Federal stimulus money used as payment to rehabilitate the said homes so they can be re-sold. Minneapolis received $14 million cash from the Department of Housing and Urban Development, to help renovate 945 houses. Families who are interested in purchasing homes in the neighborhood, the city is planning to re-sell these homes. The government is working more to prevent foreclosures that still threaten neighborhoods.