Blog Detail
Abodeblog
http://www.abodeblog.com/
Abodeblog is a house weblog dedicated to everything related to housing, real
estate, and new housing products. We find the most important housing news
from the web each day and summarize them for you. We also provide a forum
where you can comment on the news with others.
Recent Posts
Bush subprime plan helps 1.2M
The Bush administration foreclosure relief plan could help 1.2 million distressed homeowners. (Go To Article: cnn.com)...
Subprime borrowers are still going to pay more
Subprime borrowers may get lower rates but they were paying more before and will still pay more than prime borrowers. (Go To Article: cnn.com)...
Foreclosures cause taxes to drop
Foreclosures cause taxes drop in several ways. When home values decline property goes down. When leaders abandon properties property taxes stop. When sales drop state transfer fees and deed and mortgage registration taxes drop. (Go To Article: cnn....
Foreclosures hurt other homeowners
Foreclosures hurt other homeowners by causing home values to fall and an increase in crime. (Go To Article: cnn.com)...
Booming real estate markets
Wenatchee, Washington - Retirees buying up houses., 23.5% Salt Lake City - Booming tech industry., 16.0% Grand Junction, Colorado - Booming energy industry., 14.3% Seattle - Technology revival., 9.9% Wilmington, N.C. - Fast growing population., 9.1% ...
The Stutzmans foreclosure rescue
The Stutzman bought a home for $119,000 in April, 2006. They had a $97,000 adjustable rate mortgage (ARM) at 8.75% and a second mortgage for $24,290 at 12.875% with payments about $1,250. Due to health problems requiring an unpaid leave they fell beh...
