A recent report released by RealtyTrac shows the number of default notices, bank repossessions and scheduled auctions that were reported in the US in August, reached a figure of 116,913 properties. This is an increase of 7% compared to July, but is still 9% lower than a year earlier. Last month a total of 51,192
UK Housing Minister Announces £20 Million Fund to Help Prevent Repossessions
February 13, 2012 by
The UK Housing Minister, Grant Shapps, has announced there will be a new £20 million Preventing Repossessions fund to help homeowners in danger of being repossessed, something which will enable local councils to offer interest-free loans to homeowners.
Foreclosure Rates Down in 2011, says RealtyTrac
January 16, 2012 by
The number of foreclosures filed last year dropped by almost 33%, falling to the lowest level in four years, according to new data from RealtyTrac. Throughout 2011, one out of every 69 homes were foreclosed on, while lenders repossessed a total of 804,000 homes – compared to last year’s total of 1.05 million homes being repossessed, when the foreclosure crisis was at its peak.
Report Shows One Million Foreclosures To Be Delayed Until 2012
July 15, 2011 by
A new report from RealtyTrac suggests that around one million foreclosure notices expected to be filed by mortgage lenders in 2011 will be delayed until the following year – a boon for homeowners who will gain extra time to catch up with their mortgage repayments and avoid losing their homes. However, it might not
UK facing sharp rise in house repossessions
June 29, 2011 by
According to Richard Banks, CEO of UK Asset Resolution, the country is facing a sharp rise in repossessions once interest rates begin to rise. UK Asset Resolution is the state company which was set up to manage the £80 billion of mortgages formerly owned by banks, which were bailed out by taxpayers during the
