Industry News

Real estate foreclosures to soar overseas

Industry group cites rising unemployment as factor
Published on Feb 22, 2005

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by CareyBot

Mortgage foreclosures in the United Kingdom are expected to soar by two-thirds, from 6,000 in 2004 to about 10,000 by the end of 2006, the Financial Times reported today. The U.K.’s Council of Mortgage Lenders said it expected rising bankruptcies ...