Forced home sales continue as downturn bites

Forced home sales climbed in July, compared with June, but were down on the same month last year.

Figures from property and land information provider Terralink International show there were 217 mortgagee sales in July, compared with 202 in June. Managing director Mike Donald said while the number of forced sales was down 32 per cent on July last year when there were 321, they had a long way to fall before returning to pre-recession levels.

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Posted: 11 Oct 2010

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