11 mai 2008
Repossessions hit 16-year high as lenders 'turn to courts first'
source: Times
Home repossession orders are now at their highest levels since the housing market crash of the early 1990s, and are expected to continue rising during the rest of 2008, as the credit crunch and a slowing economy put the squeeze on home owners. Although not all court orders result in repossession – with about half being suspended – more than 30,000 families are likely to be evicted from their homes this year.
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