Home repossessions lowest in 38 years

UK home repossessions surge in second quarter There were 1,270 repossessions of mortgaged properties in the UK in April to June – 15 per cent more than the 1,100 in the same period last year 09.

"2011 is going to be the peak," said Rick Sharga, a senior vice president at foreclosure tracker RealtyTrac Inc. The firm predicts 1.2 million homes will be repossessed this year by lenders. It.

This was the lowest annual total since 2007. For the fourth quarter of 2011, the period for which new data is available, the number of repossessions was 8,500 – nearly 9% down from 9,300 in the third quarter, but 5% up from 8,100 in the fourth quarter of 2010. Mortgages taken into possession, % Source: CML data

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Low- and moderate-income borrowers who enter a repayment plan are 68% less likely to lose their homes. – Dona Dezube, "Heroic Homeownership," Mortgage Banking, (June 2006) p. 82. The Cost of Foreclosure for Cities and Communities Homes in foreclosure that become vacant provide sites for crime or other neighborhood problems.

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Synonyms for repossessions in free thesaurus. antonyms for repossessions. 12 synonyms for repossess: recoup, recover, regain, retrieve, reassume, re-claim, reoccupy.

"With the Quarter 4 figures for 2016, we now have four full years of data on repossession in Ireland. Since 2013, a total of 28,917 new repossession cases have been brought, and 5,306 family homes have been repossessed through court orders or by voluntary surrender during this time," noted FLAC Senior Policy Analyst Paul Joyce.