Friday, May 15, 2009
The Repo Man Is Coming
BBC News: Repossessions 'rising' in the UK
The number of homes repossessed in the UK rose to 12,800 in the first three months of the year, the Council of Mortgage Lenders (CML) has said. This was up from 10,400 in the previous three months and higher than the 8,500 of the same period in 2008.
Posted by garyb @ 09:53 AM (368 views) Add Comment
3 Comments
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1. paul said...
Note the headline change. Repossessions 'rising' sounds far worse than "up 50% a year (and not getting any bigger so don't worry)"
2. mander said...
More to do with negative equity...
3. mander said...
More to do with negative equity...