Drive a bargain … only one careless owner
PICKLES Auctions last night had its biggest sale of repossessed luxury cars in years, and a quarter of the vehicles that went under the hammer were Mercedes. And 80 per cent of the late model German cars had been repossessed.
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Golden State is not so Golden now.
This is just so sad. Seven Hundred Families a day are losing their homes. This video (12 mins) brings home the sheer tragedy of what it's like for the families affected.
It's heartbreaking.
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Repossession has to be the last resort, FSA warns lenders
Financial Services regulator the FSA has issued a tough warning to banks and finance companies that repossession should only be used as a last resort if home-owners cannot keep up their loan repayments and interest.
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Banks agree to help borrowers after talks with Darling
Mortgage lenders yesterday pledged to 'treat borrowers fairly' in the event of a slowdown in the housing market after the Bank of England announced a £50 billion package to ease their credit concerns (reported in yesterday's 'In the News').
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One Mans Repossession Nightmare
The Demand on House repossessions are rising and there should be some sort of government body to oversee the financial community in the can's and can not do's on taking away someones hard earned investment and life security.
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