Problem

Repossession of property

Other Names:
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.

Related Problems:
Ransoming of property
Problem Type:
D: Detailed problems
Related UN Sustainable Development Goals:
GOAL 16: Peace and Justice Strong Institutions
Date of last update
15.05.2019 – 21:22 CEST