Monday, September 19, 2011

forclosure and the kalamazoo housing market

A recent Kalamazoo alum bought a house in Kalamazoo for just over 70,000. Kalamazoo must have one of the cheapest housing markets in the country. Back home in Los Angeles, a small home in a bad neighborhood easily goes for 200,000.

I also watched the youtube videos on foreclosure. I found this article talking about how banks are circumventing foreclosure costs by selling houses after they have been seized but before they are entirely foreclosed on. foreclosure article


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  2. After reading Chapter two on mortgage loans, I was wondering if the mortgages payments are typically higher for the new purchaser of the home to complete the payments quicker?