Repo men
Morrison, Doug
Repo men - 2008 - Property Week 73(12) 20 March 2008, 46-47(2) .
Reports on an increase in residential properties being sent for distressed sales at auction. First time buyers are being attracted to auction rooms in search of bargains, as well as dealers and speculators. However buy-to-let investors are not present in numbers at the moment. Repossessions rose by 27% in 2007. Suggests that this may be the first harbinger of a housing market downtown. Covers the trend to sale-and-rent-back, which is a new solution available to homeowners in need of a last resort to avoid the stigma of repossession.
United Kingdom--
Repo men - 2008 - Property Week 73(12) 20 March 2008, 46-47(2) .
Reports on an increase in residential properties being sent for distressed sales at auction. First time buyers are being attracted to auction rooms in search of bargains, as well as dealers and speculators. However buy-to-let investors are not present in numbers at the moment. Repossessions rose by 27% in 2007. Suggests that this may be the first harbinger of a housing market downtown. Covers the trend to sale-and-rent-back, which is a new solution available to homeowners in need of a last resort to avoid the stigma of repossession.
United Kingdom--