Credit Crunch Leaves More Homeowners in City Faced with Eviction

Summary


The number of homeowners facing eviction for failing to keep up with their mortgage repayments in Derby is steadily growing as the credit crunch continues to bite.

Figures from the Ministry of Justice reveal Derby County Courts issued 501 possession orders in the first six months of this year, a rise of 15% on the same period last year.

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Extract


Credit Crunch Leaves More Homeowners in City Faced with Eviction

The statistics also show claims for mortgage possessions by lenders - the first stage of the legal process and ...

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