Wednesday, June 25, 2008
House Repossessions In Lincoln Up 45 Per Cent
Richard Dale, of Dale and Co Solicitors based in Beaumont Fee, Lincoln, said: "It's an indication of the downturn in the economy. "Because of this the borrower may not have any money and then people are likely to have their homes repossessed. "Many people were previously lending like mad and now some people are suffering. "It's very worrying if this becomes a trend and what the figures don't show is the amount of human tragedy."