Foreclosures Caused By Rising Energy Costs

Almost daily, you hear news reports about the increasing numbers of homes in foreclosure. What you dont hear reported is how increasing energy costs are so often the cause of this devastating problem.

Are you losing your home because you cant afford to pay you energy bills and your mortgage? If you arent facing foreclosure can you afford temperature settings that keep you feeling comfortable inside your home?

During the recent U.S. housing boom, builders completed homes quickly. Interest rates were low and investors eager to cash in on high returns on investments. Unless you were knowledgeable about energy-efficient home features and made sure they were included during construction, chances are your new home wastes a lot of energy. Its also likely you dont feel comfortable in your home due to uneven room temperatures, drafts, cold floors, etc.

There was a time when home air conditioning was a luxury. Now it seems more like a necessity. Average temperatures in North America have risen over the last 20 years, remaining high for longer periods and forcing people to turn on air conditioners powered by electricity to survive excessive exposure to heat..

Rate caps that once held down electricity costs are ending countrywide. Maryland residents recently experienced the shock of a 70% electric rate increase. Pennsylvania residents will receive the first of several rate increases starting in 2008.

The mortgage industry facing huge losses from foreclosures is working with homeowners to reduce monthly mortgage costs. A reduction in mortgage costs may help, but this is only a temporary solution. Moving to another home, unless it is energy efficient will not solve the problem.

The best solution is to implement energy saving features in your home as quickly as possible. This will not only be good for you financially, it will also be good for the planet.

Siti Crook, 2007

About the Author:

Siti Crook is an expert in the field of energy efficient homes since the 1980s. She has an insightful perspective on rising energy costs and their affect on the real estate industry.

If youd like more information about current real estate trends visit Real Estate Investment Articles!

Want to save energy?
Click Here!

Article Originally Published On: http://www.articlesnatch.com

Tags: energy efficient homes

, energy savings

, foreclosure

, energy bills

, real estate investment

, energy efficiency

, housing boom

, mortgage

, environment

Related....

Videos...

Recent Home-and-Family Articles

Marriage Therapist - Emotional Affairs By: Paul Ruffilio | Jun 2nd 2012 - Everyone talks very easily about extramarital affairs. Actually, lot's of folks speak against it. Why then do folks not speak as much against another more damaging type of affair?

Orphanage Programs By: Mark Etinger | Jun 2nd 2012 - This is just a sample of the programs that are run by orphanages.

What You'll Need To Understand About Having A Solar Panel Home By: Febe Grace | Jun 2nd 2012 - Solar energy is a free resource that every individual can make use of. The installation and assembly solar panel home is a great way to benefit the free energy from the sun.

solar panel home

solar panel system

solar panels

Washing Line Pegs And Brushes Promote Your Homecare By: Laura Wimble | Jun 2nd 2012 - We are coming to the end of Spring and with the greater promise of warmer weather that Summer brings, household tasks such as the laundry take on a new dimension. In fact it can be enjoyable!

Stuffed Animals In The Hospital By: Mark Etinger | Jun 2nd 2012 - Why stuffed toys are comforting and how to take care of them after they leave the hospital.

Do I Need Storage Pods? By: letajarvis | Jun 2nd 2012 - One of the most hectic experiences in life for some people is moving.

mobile storage

moving pods

portable storage

A1lucknowflowers-send Lilies To Your Love By: kant thakur | Jun 1st 2012 - Second only to roses in their mystique, lilies have been cultivated for centuries in almost every part of the globe. From China and Japan across the Asian continent to the Middle East and southern Europe, all the way to ...

send flowers to lucknow

flower delivery in lucknow

Find Small Business Loans The Easy Way By: Jeff Schuman | Jun 1st 2012 - Small business loans can be something that you can use to help you get your business started or off the ground. When you are looking for a small business loan you do not have to struggle with contacting many lenders and ...

small business loans

Fix It Yourself Or Call For Appliance Repair? By: Mark Etinger | Jun 1st 2012 - Sometimes trying to do appliance repair yourself is not the best option.

appliance repair ny

local appliance repair

reliable appliance repair

repairs appliances

refrigerator repair ny

Activities For Kids In Sydney - Top 6 Child Friendly Museums By: Ivana Katz | Jun 1st 2012 - If you are feeling guilty about the amount of time you let your kids spend in front of the computer / TV or playing electronic games, then why not plan a day out during the school holidays or on the weekend, when you do ...

Comments

Still can't find what you are looking for? Search for it!

Site Navigation: