• From The Debt Advice Bureau:

    Home Repossession Orders Soar 66 Percent

    19,687 mortgage repossession orders were issued in England and Wales

    in the three months ending September, a massive 66% increase on the

    same quarter last year, according to figures released by the

    Department for Constitutional Affairs.

    The figure is the highest since the third quarter of 1993, back in

    the dark days of the property recession and is far removed from the

    low of 9,616 experienced in the first quarter of 2003, just 30 months earlier.

    The number of possession orders being issued has been increasing

    since the early part of 2004 and the trend is expected to continue

    with the expectation that the 25,000-orders-issued mark could be

    breached by the end of March 2006.


    Don’t Panic Just Yet

    Things may be getting worse, but it…

    Click to read the full article »

    Posted by Jon @ 2:25 pm

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