Repossession of property

In the UK in 1991, the number of repossessions of homes was estimated to reach 15-25 times the level in the depths of the economic slump ten years before. In some areas repossession was up almost 50% on 1990 figures and accounted for one in five to one in three property sales.

1. Personal debt
2. Compulsory seizure of property

1. Unethical real estate practice
2. Unethical financial practices
3. Negative equity
4. Inflexible property laws
5. Inadequate income in old age
6. High cost of housing
7. Devaluation of real estate
8. Cyclic business recessions
9. Arrears in payments for housing

1. Ransoming of property

1. Using hire-purchase
2. Paying off mortgage
3. Offering hire-purchase
4. Incurring debt
5. Developing mortgage finance
6. Defaulting on time payment agreements
7. Defaulting on commitments

1. Overcommitment
2. Default
3. Debt