28.08.2008 - Home repossessions rise 26 per cent in mid-Essex
From Thisistotalessex.co.uk: The number of homeowners facing repossession in mid-Essex has risen to levels not seen since the troubled 1990s.Latest Government figures show the number of cases launched to take back homes at Chelmsford County Court by banks, building societies and finance companies soared to 354 during the first half of the year.That is 26 per cent more than in the same period a year ago.Chelmsford County Court deals with repossessions from the county town, Braintree, Witham and Maldon. It can be compared with a 14 per cent increase at Colchester, which recorded 654 court claims, and a 28 per cent rise at Southend with 596 claims.However figures across Essex remain relatively low in comparison with Salisbury, up 95 per cent, Buxton, up 75 per cent, and Stafford, up 71 per cent.There are no figures for actual repossessions on a town-by-town basis – how many homeowners lost their property so far this year remains unknown.But nationally 28,568 repossessions were granted by county courts in England and Wales – a 25 per cent increase on the same period last year..... Full Article: Source
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