1. World problems
  2. Repossession of property

Repossession of property

  • Mortgage debt
  • Default on time payment agreements
  • Overcommitment to hire-purchase

Incidence

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.

Broader

Personal debt
Presentable

Aggravated by

Negative equity
Unpresentable

Related

Strategy

Incurring debt
Yet to rate

Value

Overcommitment
Yet to rate
Default
Yet to rate
Debt
Yet to rate

SDG

Sustainable Development Goal #16: Peace and Justice Strong Institutions

Metadata

Database
World problems
Type
(D) Detailed problems
Biological classification
N/A
Subject
  • Commerce » Credit
  • Commerce » Currency
  • Commerce » Property
  • Fundamental sciences » Form
  • Content quality
    Unpresentable
     Unpresentable
    Language
    English
    1A4N
    J3834
    DOCID
    12038340
    D7NID
    150780
    Last update
    May 20, 2022