There is an abundance of forecloser homes in Saint Paul, Minnesota, and many of these have been    left vacant by Freddie Mac, Fannie Mae and other lenders. Some nonprofit organizations have been purchasing some of these homes and repairing them for the purpose of offering low-interest home loans to families with below average incomes. Aside from reselling the repossessed homes, these nonprofit organizations also convert some of these properties into low-rent homes for families who want to move into the neighborhood. There is one foreclosed home for every 217 in Minnesota, putting it in the 18th slot in the list of states with the highest foreclosure rates.