The Bush administration foreclosure relief plan could help 1.2 million distressed homeowners. (Go To Article: cnn.com)

Subprime borrowers may get lower rates but they were paying more before and will still pay more than prime borrowers. (Go To Article: cnn.com)

Foreclosures cause taxes drop in several ways. When home values decline property goes down. When leaders abandon properties property taxes stop. When sales drop state transfer fees and deed and mortgage registration taxes drop. (Go To Article: cnn.com)