"Banks more likely to repossess homes than vulture funds"

[Bronte]

David Hall said repeatedly you there are going to be tsunami of repossessions, but it's not true

Banks more likely to repossess homes than vulture funds

Little evidence of ‘tsunami’ of repossessions, says expert

- repossessions around 1% with the main banks
- even lower with so called vulture funds, two thirds less at .3%
- vultures are easier to deal with
- very very difficult to repossess
- seems repossession is after many many years of no repayments

 

[Brendan Burgess]

Which ties in with what I have said

You are far more likely to get a Mortgage to Rent deal if you are with a vulture fund

 

[Bronte]

Which ties in with what I have said

You are far more likely to get a Mortgage to Rent deal if you are with a vulture fund

Hall has been complaining for years that there are going to be massively be repossessions. I don’t know why he gets away with it all the time.

Seems to me the banks have no choice but to get rid of their bad loans which seem to be won’t and can’t payers.when all this mess is off the banks balance sheets it will help the economy and bring down mortgage rates.

 

[Delboy]

This fact has been reported on and analyses several times over the past few years. And yet Hall keeps mouthing off about it, practically unchallenged in the media.
And we wonder why people across the western world are becoming more and more sceptical of our institutions/mainstream media etc!