Home repossessions set to jump in 2012

The Council of Mortgage Lenders (CML), which will release records for the second quarter of 2012, predicts that repossessions will rise from 37,000 in 2011 to 45,000 this year, as people’s budgets.

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The Marks family, which has owned the property since 1968, is betting there will be plenty of demand for the 371 apartments – including 56 set aside. a big jump in price from the $422 million that.

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Bank Repo's Wrong House, Sells Stuff Anyway, Doesn't Care Read Home repossessions set to increase as troubled economy starts to take its toll on households latest on ITV News. All the UK news.. 9 August 2012 at 5:13am

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Strong buyer demand at foreclosure auctions has helped stem the number of properties being repossessed by banks. October, again, was an anomaly, with lenders taking ownership of nearly 28 thousand properties, up 22 percent from September. Still, repossessions were down 26 percent from a year ago.

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