More owners falling behind on heating bills
The combination of a sluggish economy and higher heating costs is causing problems for a growing number of homeowners. A recent story by reporter Rebecca Smith in the Wall Street Journal’s RealEstateJournal.com says that more homeowners are falling behind in their heating bills. You can read the story here.
In the story, a spokesperson with New York City’s Consolidated Edison placed part of the blame on the subprime lending mess. He said that people with rising mortgage costs sometimes put off making payments on their heating bills because they know, under New York law, their heat can’t be shut off during the winter months.
Tags: Consolidated Edison, heating costs, New-York-City, Wall Street JournalRelated Stories
POSTED IN: Breaking News, Insights and Commentaries, Mortgage
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