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Falling house values and compulsory purchase

Language: English Series: Evening Standard ; 2 November 1992, 15(1)Publication details: 1992Subject(s): Summary: Some homeowners with a mortgage greater than the value of their property face losses if the property is compulsorily purchased and compensation is based on open market value.

Some homeowners with a mortgage greater than the value of their property face losses if the property is compulsorily purchased and compensation is based on open market value.