Filed under: Politics/History/Business/News
26 February 2008
The House the object of Foreclosure
Today Foreclosure is extremely important; it is the subject of choice: in congress, the media, with family and friends. It does not discriminate everyone has been affected directly or indirectly. For some this tragedy has been positive; because this is a buyers market for investors and families that are looking for a home. However, a lot of homeowners have had to make tough decisions, some of which were not pleasant. Because buying a home is personal I will describe the home my family built in 2002, the beginning of the first phase of interest only home loans.
All home buyers should put a lot of valuable time in choosing the house for their family and the best loan package that fits the family income. Prepare a five year budget that includes a savings account balance that totals a minimum of six months house payments.
This house must meet certain needs to accommodate each member of the family, in order to make the house a home. The needs of each family are different and your home should meet the main needs at the time of purchase. Items that can be done later must be included in your floor plan for future growth.
Our loan is structured to allow us to adjust the interest rate with out applying for a new loan because our lender owns our mortgage, they do not sale mortgages. Therefore we are not having a problem in making our house payments.
Do to the many different floor plans and family needs and wants the home of choice is unique to the home buyer. Therefore, I will describe for you the house that my family built to accommodate our current physical and medical needs:
· It is a three-sided brick ranch with three levels complete.
· The main level has all of the everyday necessities: bedrooms, kitchen, a walk in closet, alarm system, 2 ½ baths, living room, dining room, family room, garage entrance, washroom and front door entrance.
· The top level is complete with one bedroom and bath; future design is to add a theatre room with a mini bar.
· The lower level is the terrace level for entertainment.
· There are three decks on the back of the house.
· The location of the home is critical to maintaining its value. The DeKalb County’s marketing study indicated the types of homes and businesses that are scheduled for this area, which are positive.
· It is in an area with other homes of comparable price and size.
· We live in a subdivision, with a homeowners association, that has covenants and by laws in force for all homeowners. This structure forces owners to maintain their property.
· Our home site is in a cul-de-sac for privacy on an acre lot.
All of these amenities secure our investment for the future.
We worked hard to find what we needed and what we could pay for now and after retirement. Also, we made provisions for items that we have in our five year plan that will be added later. We missed some things, made a few mistakes that we will have to live with.
It is my prayer that the current foreclosure situation never occurs again. Homeowners need to be totally informed concerning their loan package; the worst that can happen and the best that can happen. Then make their decision being prepared to handle the good and the bad with their current income. Always be able to make your mortgage payment when you cannot do anything else. Your home is your most valuable asset.
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a visual would be nice, maybe a cute little house. title is in there twice, i dont think thats necesary. you used a good font style and size. you have a few typos here and there but nothing that cat be fixed with a little close reading to find them. the first paragraph doesnt really hook me in much. maybe if you described the perfect house then went on about how it was taken away might work. organization looks ok but still needs a little work. it transitions well. you dont say ” my topic” or “my item” which is good. your tone respects the reader and is not condesending in any way.
Comment by cristaazar February 28, 2008 @ 2:41 pmVisual-
Well formatted. Even though I am generally all for graphics and pretty things, I like your choice of not using color or graphics, it fits the subject well. Font/size is good. The paragraphs are short, which makes it possible to read. At first, I wasn’t interested in reading it, but I kept reading because of the good formatting. It made me feel like I was reading something by someone that knew what they were talking about and cared somewhat about the subject.
Tone/Voice-
Good tone. Even though it assumes I, the reader, knows little, it is not condescending. It is consistent as well
Initial hook-
Not entrancing, but still enough to capture the attention. It is clear and to the point. Good opening. You get an A!
Organization-
Well organized in a logical manner. The point appears to be that people should watch their investments and always be able to pay their mortgage, so plan ahead.
transitions-
Good.
Word choice-
Good.
Grammar/Spelling-
Overall, good grammar and punctuation.
Though in the first paragraph you say you will describe your house, but it is not till several paragraphs latter that you actually get around to it. It left me wondering for a while if you had forgotten what you said.
“We live in a subdivision, with a homeowners association, that has covenants and by laws in force for all homeowners.” This was a little hard to understand the first several time I read it. To someone who does not live in a subdivision it sounds a little like gibberish at first.
Even though the subject was not particularly interesting to me, you still made it a good read.
Comment by Tierza-kun February 28, 2008 @ 3:53 pmI especially like how you included a “walk in closet” in your list of necessities. Lol, the way you wrote so plainly and un-conceitedly about your semi-mansion was refreshing
Good read!
The blog was very plain and normal. The visuals were lacking. The size of the font was not consistent. You had paragraphs on one side and bullets on the other. Some paragraphs were not reader friendly especially as i read further but the entire entry was a reasonable size. The voice was not articulate but it did respect the audience. Although the first topic introduced the topic very well, it did not compell me to read further or learn about foreclosure. Never-the-less there would have been no other paragraph in this certain blog that would have been able to take the place. The organization was off. She spoke of mortgages, a little of foreclosure and her personal life which i thought was off. Some had transitions and some jumped from one point to another between mortgages and foreclosures. the word choice was fine. The blog was not carelessly written but it had plenty mispelled and missing words. punctuations were incorrect and many of these grammatical mistakes were distracting.
Comment by edithpatta February 28, 2008 @ 9:25 pm