Foreclosure Strategies – Looking for Recovery

There are very few recoveries in the history of real estate and foreclosures, and now recovery is slower because of the market size before the crisis, say academics who, along with the economists, established the index of prices used by reference American economic organizations. In 2009, it will begin construction of just 496,000 new homes in the U.S., the lowest level since 1945, the end of World War II.

Furthermore, the old continent is slacker in prices. Things are even worse in Europe, and Spain is an involuntary "leader" of the declining housing and foreclosure market. Thus, house prices on the south coast of the country fell by 40 percent, compared to the peak value. In addition, it declined by 10 to 20 percent on the island Mallorca, but also in Italy and Portugal, and 10 to 12 in France.

Because of depreciation of values, increasingly more investors, especially in Britain, have begun to buy holiday homes in these regions, encouraged by a strengthening of the pound sterling, against the euro. The real estate market analysts from royal institutions of chartered surveyors, the UK, housing values in France, Ireland, and the Netherlands will meet the most severe impairment in the following period.

The market is shrinking in Central and Eastern Europe too, where one can found some of the weakest emerging markets, according to financial papers, being thus contradicted expectations of the last year, when they said that these markets would escape global trends. Over 90% of the 45 countries assessed the British institution and reported depreciation of rents, the only positive market from this point of view, being Brazil, Saudi Arabia and some parts of Africa.

On the other hand, those who want to buy a foreclosed homes you can do it now free – in Britain, and only for the first year. The builder, who launched this offer as a solution to the foreclosure and housing crisis, which intimidates potential buyers not to buy houses for fear of negative evolution of the market, offers to pay the state tax and utility bills for one year.

This is just one of many "special offers" that British builders put on the market, just hoping that they will find a buyer. They are desperate measures in desperate times – the real estate market sales reached the lowest level since 1959 onward, daily newspapers write.

In recent months, builders desperate to stay with their homes "in stock" were willing to receive only 75% -85% of the selling price of the house or foreclosure itself, then recover the rest of the money over five or ten years. Traders have come up with a new, more tempting offer. An organization offers everyone who agrees to buy a house or foreclosure from them the chance to live freely in it for a year.

Buyers of “certain property" will benefit from the opportunity to see their rate paid to the bank – it must not exceed 938 pounds – for 12 months by the builder. This strategy should work!

Original: Foreclosure Strategies