Homeowners Associations

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Reduce, Reuse, and Recycle Your Closet

It’s really no secret. We are a nation of consumers. Watch television for just one evening and you’ll know of a dozen sales and promotions happening in your local area. Whether it’s retail or sale, there are more than a handful of us that have consumed our ways to a stuffed closet.

Call it early Spring cleaning. Call it a simplification. Organizing and cleaning out your closet can be a great selling tip, because buyers do and will open your closet during a walk-through. And one stuffed to the rafters will appear small and cramped, no matter it’s real size.

There is, however, the altruistic side. Today there is an unemployment rate of nearly 10 percent. This translates into around 15 million unemployed Americans. That is why it is important to lend a helping hand to members of your community. Unemployed families still need clothes, even after the paychecks stop.

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Consequences of Defaults and Foreclosures

The economy has put a strain on thousands of households across the nation. In these tough times, many homeowners are struggling in the face of foreclosure. What are the consequences of defaulting on your loan? And what can you do to prevent this loss?

One of the most startling impacts of a foreclosure appears on one’s credit report. Your credit score may plummet by 200 to 300 points. In this economic climate, where credit lending standards are already tightened, you may then find it difficult to do everything from buying a car to renting an apartment. What’s worse is that the notation of foreclosure stays on your report for up to seven years.

Next, you may owe the lender money. They backed a loan on a home worth X amount. If they sell your home at foreclosure for less than that amount, you may be responsible for the difference. Many states have laws protecting you against this action, but speak with an attorney to find out for what you may be liable.

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Rural Initiatives

The 20th century United States may have seen a migration of residents from rural to urban areas, but for those who remained behind, modern conveniences can be scarce. Now, the United States Department of Agriculture is taking steps to improve quality of life.

Those who have remained in rural areas many times struggle with a lack of access to many modern amenities that many in cities take for granted, such as high speed internet, affordable electricity, and even clean water supplies.

In an attempt to reduce energy costs in this down economy, the USDA is extending funding to stabilize and reduce energy costs for residents of remote rural areas. In these regions, electricity can come with a hefty price tag.

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