Repossessions in the UK vs Repossessions in the USA

When a house owner fails to pay the mortgage or falls in arrears, the mortgage lender requests a court to issue a repossession order that in most cases precedes an eviction notice. With the eviction process initiated, the house owner loses his or her house with the house made available to other interested buyers. House repossession in the UK In the UK, there are two types of house repossessions; the bank repossessed houses and the private property sales. The slight increase in the number of repossessed houses in UK is…

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