I don't agree that these lenders are predatory in pursuing arrears. If someone didn't pay me money they owed me, I'd sure chase them for it too. And think about it, repossessions are the last thing a lenders needs. More work and you loose the interest you would have gained on the mortgage.?
Also, people who are being repossessed are destroying the houses they are in, just to put two fingers up to the lenders - nice touch.That's a very strong generalisation. Most people fight tooth and nail to keep their house. Others may simply give up and hand over the keys. If a person destroyed their house it wouldn't help them in the slighest. The bank would sell it and then come looking for the difference to repay their loan.
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