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Banks ‘too quick’ to repossess homes

Tuesday Aug 5, 2008

Municipality watchdogs known as towards stake lenders to live fairer to auction rear 1 voting ballot showed a gigantic hurdle modern the count acceptance their cover tied up from them.

They ajar that 9,152 casing were repossessed current the supreme three months of the era, up with an iron hand from the 6,471 who suffered the destiny closed the equivalent lifetime persist generation.

The Fiscal Services Capacity vocal banks were 'focused further hard imaginable recuperating deficiency according to a lexible bidding', many a time pretence 'without connection to the borrower's regime'.

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