Mortgage News

Home repossessions lowest in 38 years

The number of homes repossessed in the UK last year reached its lowest level since 2006, figures from the Council of mortgage lenders revealed today. Fewer households also had mortgages in arrears.

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Foreclosure filings and repossessions fell to their lowest level since 2007 last year. Total filings were down 33% for 2011, with one in every 69 homes receiving at least one foreclosure notice.

If your home is being repossessed. If you have exhausted all the options open to you, the lender can repossess your home in order to recover the amount you owe. If you do not agree to the repossession, the lender may take you to court. The legal processes are described in detail below.

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House repossession predictions for 2017 At the end of 2015, the Council of Mortgage Lenders created a commentary with forecasts of the housing market for 2016 and 2017. The headline statements were a belief in a ‘gentle improvement in housing and mortgage market activity’, and as part of that the council noted the then-lowest levels of.

What did sell, sold for an average 99.1% of the original list price, the highest list-to-sale level in six years. The D.C. region’s median home sale price is now 38.4% above the most recent low from.

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Mortgage repossessions have fallen to their lowest level since 1982 last year, new figures show. According to the Council of Mortgage Lenders, the number of properties repossessed last year fell 25% to 7,700 – the lowest number since 1982. Over the course of 2016, the number of mortgages in arrears also fell by 7%.

6 days ago · RBI Cuts Repo Rate For Fourth Time This Year, EMIs Set To Get Lower The last time the Reserve Bank of India made so many back-to-back repo rate cuts was after the global financial crisis over a.

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