The rate of adjustable rate mortgages are strangling families: the increases are
been 10% per year.
Farewell to the house. The year 2008 will probably be on file as the boom years
of foreclosures, with an average growth of 20%. A Salton,
especially when compared with the year 2003, when still many ghosts had not
facing: since then the homes sold by the court are the 46,50%
more.
The numbers speak for themselves: Since 2003 the number of foreclosed properties
has grown steadily, year dop year. A great increase which is explained in many ways
: high prices, with rising prices of bread, pasta, fruit, vegetables and petrol
empty wallets, but also the boom in mortgages. "What happened
over the years? Simple, the Euribor rate is skyrocketing, "said Alessandro Valgimigli
Systema Mortgages. In other words, the
increased cost of money, and consequently the rate of adjustable rate mortgages.
"Let's take a quick account: the rate of twenty-year mortgage that covers
€ 100 thousand in July 2006, the cost figure of € 605. Today it costs 716, ie
111 more. And of course if it were more expensive or slower than the increase
would have been greater. Consider that our clients have loans average 140 thousand €
...".
Result: in two years, the rising cost of money has pushed up the
rate mortgages. "An increase of 100 or 200 euro per month is sustainable for a
year, not more. If the loan is 20 or 40 years ago will not do anymore. " A parallel
disturbing: in 2007 the increase in mortgage loans was 10% today
just seven months later, 10% is the increase in foreclosures. Is there a link?
"So not close. From 2000 to 2005 grew loans, but foreclosures
were not so high in number. Italian households are less indebted
that those in the rest of Europe, but we begin to see so many prisoners of
rate ".
But how does the mechanism that takes away the house to pay debts? "
C 'is a European law - explained in Fioroni, Deputy Speakers
of savings and Romagna Forlì - which provides 180 days
to pay. After this period of insolvency, the bank must report the
debtor. At that point you go to court, where the judge sets a precept
, a sort of ultimatum, a deadline within which to pay penalty
foreclosure. Which is activated only in case of prolonged
insolvency. " All seasoned with traditional Italian red.
"But in our case legal actions are in sharp decline over the past two years
, due to the Bersani decree: the possibility of extending the loan
or convert it from floating rate to fixed rate saved
many savers ".
opposite view of Vittorio Girolimetto Assoutenti: "This is a demonstration
that deregulation did not work.
banks should be more cautious. The single-earner couples are in Forlì
great difficulty. Other than giving up a pizza a week ...". What you can do
? "We need national and regional policies - said the Councillor Loretta Bertozzi
welfare - we can do something if there's money to
hoc, as in the past. For example? The voucher for the house, thanks to funding
allow discounts on their first home. There was a
ranking that took into account the young age and income. " A sort of
housing, but with completely different ranking.
Source: http://ilrestodelcarlino.ilsole24ore.com/
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