How to deal with Real Estate Investors?

The economic crisis that hit the United States and other parts of the world has caused many people to lose their jobs. The unemployment rate continues to increase, and the immediate solution is not in sight.

Unemployment may affect several aspects of a person's life, but the United States, it has mainly affected the ability of American homeowners pay their monthly mortgage payments. Unemployment has led to increased rates of mortgage delinquency.

The latest report from Equifax, one of the largest credit agencies in August to 7.58 percent of American homeowners fail to make their monthly mortgage payments on time, from 7.32 percent in July. These owners have more than thirty days late in their mortgage payments.

The latest statistics are alarming statistics over two years. In August 2007, 3.44 percent of homeowners have fallen behind on their mortgage payments while in August 2008 it was 4.89 percent.

In addition, the holding company, Moody's, reported an increase of 32 percent of filings for personal bankruptcy in August.

These statistics speak volumes about the current financial situation of Americans feel. Unemployment is not only a struggle to have enough food on the table. There is also a fight to keep the roof over your head. If this trend continues, it can lead to seizures.

The federal government, however, is optimistic. The housing market is showing signs he is slowly recovering from the crisis of recent years.

U.S. consumers are changing their spending habits. Despite rising mortgage defaults, the Americans would be maintained with other bills. The Equifax report showed that late payments by credit cards fell in August. The trend is consistent for the last three months. Overdue card Subprime have also decreased.

The Americans are also more economical. The current savings rate is 5 percent, which, according to Equifax, a rate that is the United States has not experienced for years.

There may be some truth in the cliche that for every bad thing that happens, a good thing happens.

With the government's effort to revive the economy, the unemployment rate down in May, and, accordingly, late mortgage payments in May also decrease. We will see.