home repossessions on the rise

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indebtforever

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Post by indebtforever » Fri Aug 15, 2008 5:43 pm
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The number of homeowners at risk of losing their homes has risen by nearly a quarter in the past year, figures showed.

Government data showed a total of 28,658 mortgage possession orders were made in England and Wales during the second quarter of this year, up 24% from the same period a year ago. It is a 4% rise compared to the first three months of 2008.

The latest figures from the Ministry of Justice relate to court activity which may not result in a possession. As a result the figures are usually higher than those published by the Council of Mortgage Lenders (CML), which last week reported 18,900 UK repossessions, up 48% on the same period last year.
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chardonnay

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Post by chardonnay » Fri Aug 15, 2008 6:03 pm
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Hi indebtforever,
I saw this too and am trrdest to hang onto the house till year 4. I've written to my IP and am awaiting an answer - wish me luck!!
Hugs,
Chardonnay
Chardonnay
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kallis3

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Post by kallis3 » Fri Aug 15, 2008 6:56 pm
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Well so far I have managed to keep up with the payments, so fingers crossed I don't become one of those statistics.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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