Relevant:
- A Mass ‘Strategic Default' Movement Begins -- Time to Rebel Against Economic Tyranny By Walking Away From Your Mortgage Payments
- Property Market Sees The Return Of First-Time Buyers
- FHA Foreclosures Increase Prior to FHA Streamline Refinance Rescue Plan
- A record number of Americans are 90 days behind on their car payments
- Banks see rise in voluntary repossessions (UK)
2007-07-12 — independent.co.uk
Buyers are being forced to borrow record amounts of money to finance their property purchases Number of people defaulting on their payments this year has doubled to 77,000 each month Fears are growing of a dramatic increase in the number of houses that are repossessed
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