Thousands more set to lose their homes (The Independent Online)

March 18, 2009

Sean O’ Grady of The Independent Online raises many interesting points.

The pain suffered by thousands of families as the eco-nomy slumps was highlighted yesterday by the latest figures on home repossessions and arrears. The number of repossessed homes soared by 68 per cent last year as the recession left many people struggling to pay their mortgage, according to the Financial Services Authority. A total of 46,750 properties were repossessed by lenders during the y…

Read the whole article

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