Home repossessions set to jump in 2012

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The average amount of time between a claim being made by a landlord and a rental property being legally repossessed has increased to more than 41 weeks, the MoJ figures reveal. Meanwhile, for.

Analysts expect between 900,000 and 1 million homes will move from delinquency into REO in 2012, back to levels seen before the robo-signing slowdown.servicers moved roughly. home repossessions.

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Strong buyer demand at foreclosure auctions has helped stem the number of properties being repossessed by banks. October, again, was an anomaly, with lenders taking ownership of nearly 28 thousand properties, up 22 percent from September. Still, repossessions were down 26 percent from a year ago.

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Taking back control. With the most recent figures showing that, until now, the number of rental property repossessions has remained stable at about 8,500 every three months, the number of claims made to the courts by landlords wishing to repossess their properties after tenants fail to pay their rent crept up at the end of last year. Moreover,

More than one million homes had foreclosure filings – notices of default, auction notices and bank repossessions – during the first six months of 2012, up 2% from the previous. Among other things,