Foreclosures in Alberta are rising much faster than any other province in Canada. According to a recent report from The Canadian Bankers association the numbers of Home owners in Alberta who are more than 90 days behind in their mortgage payments are approximately 0.73%, which is the highest default rate in Canada. This report includes only from data from mortgages received from the major Canadian banks not from all Lenders in Canada.

Let us see the facts and figures about Alberta economy as of July, 2010 which are causing more                  foreclosures in Alberta.

Officially, Alberta's unemployment rate dropped for July, 2010 but those overall figures mask                                        the fact that Alberta is shedding full-time jobs and mostly adding part-time employment.

Alberta shed 13,000 full-time jobs in just a month of July 2010 according to Statistics Canada.                                       All employment gains in Alberta were due to part-time job growth,                                                                                         where Alberta added 22,000 positions. Since May 2010, when the rest of the country began                                             to show signs of economic recovery, Alberta dropped 22,000 full-time jobs                                                                                    and added 37,000 part-time jobs.

On July 30, 2010 the Department of Finance released its latest Monthly Economic Review. Even this report does not show number of foreclosures in Alberta but the facts and figures paint the real picture of Current situation in Alberta.

-  Alberta's Employment Insurance (EI) beneficiaries were up 40 per cent,

by far the biggest increase in Canada. The second-highest province saw

an increase in EI beneficiaries of only 15 per cent. (April 2009-April

2010);

-  Alberta posted a 54-per-cent growth in business bankruptcies, the

Second-highest in Canada (April 2009-April 2010);

-  Alberta showed only a 5.9-per-cent increase in retail trade, the

second-lowest increase among the provinces (April 2009-April 2010);

-  Alberta posted only a 1.5-per-cent increase in wages and salaries, the

smallest increase in Canada (March 2009-March 2010);

-  Alberta posted a 2.2-per-cent decrease in wholesale trade, the

second-worst wholesale trade numbers in Canada, and one of only two

provinces to post negative growth (April 2009-April 2010); and

-  Alberta has the second-lowest farm cash receipts in Canada, ahead of

only PEI.

Due to economics and oil prices, Alberta is still feeling the effect of the recession. The bankruptcies remain very high. If you're looking to invest in the real estate market, Alberta foreclosure will offer you a wide array of properties at much lower prices now than in 2007. Your education, knowledge and experience can make the huge difference.

If you are interested in Alberta foreclosures, then you need to learn the laws. The proper education and mentoring will assist you to become a sophisticated Professional Real Estate investor. You must consider attending the Alberta Foreclosures Apprenticeship with World Wealth Builders http://www.worldwealthbuilders.com/foreclosures-power-sales-canada.html

The best strategy is to buy a pre foreclosure property in Alberta than foreclosure property. Foreclosure properties are sold through court orders. Therefore, legal fees, time and administration fees can eat most of the equity. Pre foreclosures are the best way to find your dream property.

There is a good opportunity currently available to people who wish to buy a house in Alberta, where the number of foreclosures is on the rise. You will discover many excellent bargains on Alberta pre foreclosures. If you're looking to invest in the real estate market, pre foreclosures in Alberta will offer you a wide array of properties at basement bargain prices. You can find a list of prospects by searching in the court office provided you know the applicable laws and are able to do the proper interpretation. Make sure that you are there to help others to help you. Creating a win/win situation is the best way to do investing in Alberta’s Real Estate.

Rent to Own/Lease option is becoming extremely popular. Renters know that they make landlords rich. When the term is done, they walk away with nothing. Sometimes they even live at places which are sub-standard, but still have to pay the market rent.

You can buy Real Estate in a very creative manner. Most buyers are becoming sophisticated nowadays. With a Rent to Own/Lease option agreement, you pay your monthly rent, and a portion of the rent goes towards your down payment for the house purchase. Both parties can have huge benefits with proper education and mentoring.

There's no need to wait until you've saved up enough of a down payment, or until your credit rating is repaired. You can build up your down payment while living in the home you want to buy. It will feel like your home before you even own it. Time is utilized in favor of both parties to create a win/win situation. It gives the tenant buyer time to save a down payment and heal their credit rating. For the Real Estate investor it is guaranteed profit as well as positive cash flow without the headache of regular tenants.

With a Rent to Own/Lease option home, you can stop being a tenant and become a tenant buyer who has option to buy the property at a pre-determined price. Now you are saving and building equity at the same time.

Even if you have bad credit or not enough cash for a down payment, a Rent to Own/Lease option program is for you to take advantage of a home-owning opportunity. It allows you to make a proactive step and own a home early.

Rent to Own/Lease option buyers and sellers enter into a lease agreement for a fixed period mutually agreed upon depending upon their circumstances. At the conclusion of the lease, the buyer will have the option to purchase the home from the Real Estate investor.

The purchase price will be determined before the Rent to Own/Lease option lease agreement is finalized and signed by both buyer and seller. This price is fixed and will not change after negotiated and agreed upon by both parties.

In addition to the down payment credit, the Seller may offer monthly rent credits. A “rent credit” is a portion of the monthly lease payment that is applied to the overall purchase price if and when the Rent to Own/Lease option purchase is executed at the end of the lease. The amount of the rent credit and the down payment will vary by each seller and property.

Before entering into a Rent to Own/Lease option transaction, tenant-buyers should consult with their Real Estate Lawyer and Mortgage Brokers. Mortgage Brokers can provide mortgage guidelines including a minimum beacon score, a maximum debt-to-income ratio and a minimum required down-payment. With these objectives in mind, if necessary, credit improvement consultants and financial advisors can help you to raise your credit score and build up your savings.

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