Worst is yet to Come for UK House Prices!

If activity in auction houses is an indication then house prices may have still further to fall. On top of that, mortgage lenders will have to be much more realistic about how much they can expect of the repossessed properties.
With auction houses unable to sell most of the repossessed properties at the prices required [...]

Repossession Anguish – How Threat of Eviction Can Turn Logical People Into Illogical Human Beings

A businessman, whose house was repossessed, threatened to burn down the house – with him in it rather than getting evicted.
53-year-old Peter Sastawnyuk was enjoying a well paid professional life. He worked for a chemical transport company, lived in a lovely detached house in a quite but affluent cul-de-sac in Rochdale and sent his [...]