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Record number of repossessed homes at auction

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  • Record number of repossessed homes at auction

    Repossessed homes are hitting high levels according to Allsop, Europe’s biggest residential property auctioneer.In its February catalogue, Allsop is listing 410 lots over 2 days. Banks or mortgage companies are offering nearly 40% of them as distressed sales. Gary Murphy of Allsop said conditions like this haven‘t been seen since the early 1990s. At the [...]

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