Friday, Mar 01, 2013

"...the result of over-inflated prices at point of the initial sale"

Telegraph: Almost 90pc of repossessed homes sold on at loss

In Fitch's Residential Property Value Analysis report. it said 87pc of homes that have been repossessed since the start of the financial crisis have been sold at a loss. This means properties are being sold at a price below the balance of the remaining mortgage.

Posted by dill @ 01:30 PM (1190 views)
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2 Comments

1. Crunchy said...

Properties that are currently being repossessed are in such small numbers, which render this as inconsequential news.

Saturday, March 2, 2013 02:41PM Report Comment
 

2. libertas said...

HORSE CRAP!!

These houses were PURCHASED at profit!! The transaction has two sides, for the economy as a whole, the seller's loss is counteracted by the purchasers bargain. It does not affect the economy as a whole and is a non-issue.

Sunday, March 3, 2013 02:59PM Report Comment
 

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