One result of the financial crisis that the world has seen in recent times is a rise in the number of foreclosures in the housing market. People were borrowing heavily to buy houses during a period of financial boom, and when the bust arrived they found that they could not make the repayments that initially were quite long anyway. Those who borrowed during a time of personal wealth may well have lost their jobs, and with them the means to pay their mortgage. For these people it is undoubtedly a regrettable situation, and nothing can change that fact. Nonetheless, it could be argued that taking the opportunity to pick up real estate for a more realistic price is the most sensible thing you can do in a confused market.