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Repossessions up 71%

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10-29-2008, 02:13 AM

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Repossessions up 71%

The Financial Services Authority (FSA) has reported a sharp rise in the number of people losing their homes because they are unable to keep up their mortgage payments. In the three months to the end of June, repossessions of residential properties rose 71% to 11,054. The figure compares with 6,476 during the same three months of 2007. According [...]

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