Repossessions hit the 48,000 mark

Last year approximately 48,000 homes were repossessed. This is an amazingly high figure. Now surveyors are being told by the mortgage lenders, and banks, to value properties low. The banks are holding on to a large number of the repossessed properties rather than risking bring the market down even further. This itself is holding up [...]

January 21, 2010 Tags: properties low., repossession, sell house quick Posted in: Uncategorized Comments Closed