Foreclosure likely results in substantial residential instability, but very few research efforts have attempted to quantify this residential instability orunderstand the effects of the residential instability caused by foreclosures as a distinct phenomenon. Using a unique data set of households with children enrolled in public schools that experienced a foreclosure in Minneapolis, Minnesota, between July 1, 2006 and December 31, 2007, this article assesses the postforeclosure mobility patterns of households. Research findings indicate that more than 90% of households in the sample moved and one-third exited the Minneapolis Public School system following a foreclosure. Economic deprivation was associated with reduced household mobility following a foreclosure regardless of housing tenure. Households that remained in Minneapolis following a foreclosure tended to move to neighborhoods with similar characteristics as their former neighborhoods but with elevated poverty levels and racial segregation in comparison to the city overall.