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Foreclosure Caused a $3.3 Trillion Property Value Loss

As the economic recession in 2008 occurred and foreclosure brought median home prices down by 11.6 percent to $192,119, the housing market was busted by $3.3 trillion, take note trillion, of home value. That is...

created by cassy82 | 44 wks ago
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Repossessions rise 12 per cent in three months, according to mortgage lenders

Reposession rates continue to rise in the UK. A new report released today revealed that reposessions have risen 12 percent in the past three months, as house prices decline at the same time people are unable to meet their mortgage payments. House prices have been dropping at...

created by Dave Keating | 1 year ago
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The PM and Hazel Blears launch £1 billion housing package

liamssoft

key packages to help home buyers and repossession families..

UPDATE; 03rd September 2008After months of continuing gloom on the UK housing front with more repossessions, more banks losing money and buyers waiting for the Government to decide what to do with stamp duty. The...