|
Bank foreclosures South Africa Homes signal rate bite
October 26, 2007 By Mzwandile Jacks found at http://www.busrep.co.za image found at south.africa.house.for.sale
Johannesburg - The number of notices of sales in execution rose by two-thirds in
June compared with the same month last year, indicating that interest rates were
beginning to bite. "We could expect to see sales in executions rise to around 300 per month
over the next year," Loos said. "Based on this conservative estimate,
this would amount to R215 million worth of properties being repossessed each
month, with the bank and owner likely to recover, on average, only 62 percent of
the market value of these properties."
----------- more sites: African Business News
news weather info secret
marketing links insult
injury |
Business Foreclosure
|
|
WHAT NEXT ? Understand bank foreclosures south Africa in three little steps with The Diy Mortgage Loan Modification Kit
This Program Is A Necessity For Any Homeowner Facing Foreclosure Or Even Just
Behind On Their Mortgage. Foreclosure Defense Secrets Was Written By A
Foreclosure Attorney And Reaveals All Of The Legal Tricks That The Banks Dont
Want The Public To Know. .. visit
Foreclosure . If you enjoy this
page Share and Save
.
|