Monday, January 28, 2008
Buy shares in auctioneer’s
The number of repossessed homes being sold at auction has doubled since last year, a leading auctioneer said yesterday. Allsop, the UK’s biggest property auction house, said that nearly 40 per cent of the properties going under the hammer at auction next month were repossessed by banks or building societies. Last February, just 20 per cent of properties auctioned were repossessed.