Wednesday, Jun 20, 2007
The locusts are out there...
Yahoo: Rise in companies buying debt-hit homes
Dozens of fledgling property companies specialising in buying homes from homeowners struggling with mortgage repayments have started up in recent months in another sign of the growing level of indebtedness in the UK. There are now more than 200 companies that buy houses at discounted prices from distressed homeowners. In some cases, the companies rent them back to the sellers.
Posted by happyinspain @ 09:36 AM (163 views) Add Comment
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