Repo rockets 60% ; EXPERTS WARN OF HOUSING TIMEBOMB

Daily MirrorJune 23, 2009

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Summary


THE number of homes being repossessed has surged by over 60%, dampening any hopes that the property slump has ended.

And a second, more devastating, wave of repossessions could follow, experts warn.

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Extract


Repo rockets 60% ; EXPERTS WARN OF HOUSING TIMEBOMB

The grim news from City watchdog the Financial Services Authority i...

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