Repossession proceedings were begun in half the cases and completed in one-third of them.
He said the consequences had been enormous, with many people losing their homes to repossession.
Unless repossession forces a sale, homeowners prefer to sit tight when markets are weak.
In the event of repossession the bank will use council funds to make up the shortfall.
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The CAB also said there were between 70 and 80 house repossession hearings in Medway every week.
Short sales typically sell for less of a discount and allow a property to avoid bank repossession.
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Debt and house repossession rates in the Medway towns have reached record levels, according to the Citizens' Advice Bureau.
Liberal Democrat Treasury spokesman Vince Cable called on lenders to examine "all possible alternatives" before seeking a repossession order.
However, the group remained and the council said its solicitors would therefore continue to seek repossession of the site.
Mortgage repossession, like mass unemployment, are terms we have to be reminded of.
The government said the scheme - introduced across England - could help up to 6, 000 households which might otherwise face repossession.
Nationally, the time taken to process a foreclosure from default notice to bank repossession averaged 414 days in the fourth quarter.
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The process of repossession takes a year or more, during which delinquent borrowers have little reason to look after their homes.
Bottom line, you would have fewer defaults, fewer repossession additions to the housing inventory, and increased confidence that the crisis was ending.
All along, Carlyle Capital had warned that the risk of repossession remained.
Repossession cases usually involve a lender taking legal action against a borrower who defaults on a mortgage or loan secured on their property.
Their functionality falls into two categories, solutions that render the vehicle inoperative and those that allow for electronically locating the vehicle (GPS) for repossession.
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The real estate forecasting firm says 2.87 million homes got a notice of default, auction or repossession last year, up only 2% from 2009.
After a time, the bank is allowed to commence a repossession process that can result in the house being auctioned off to the highest bidder.
It has coped well with the recession, with an unemployment rate two points below the national average and one of the lowest rates of housing repossession.
The number of repossession actions started in the courts in England and Wales fell very slightly in the final quarter of the year, Ministry of Justice data shows.
This week, the federal bankruptcy judge in the United case approved the restructuring of three of United's equipment trusts, avoiding the threatened repossession of 15 aircraft by trustees of the securities.
"As a public company, stock is our currency, " explains the company's chief, Steven Schneider, who took the top job when Zap, which stands for "zero air pollution, " bought Schneider's auto repossession business in 2002.
Almost a third more repossession cases were initiated in sheriff courts last year compared with the previous 12-month period, up 29% to 6, 752, although this is significantly lower than in 2008-09 when it was 10, 141.
If the problem that led to the threat of repossession was a poor credit record, then after the sale and rent back takes place, the new tenants tend more than most to be poor payers.
Foreclosure can take up to 12 years with a traditional mortgage, but a newish type of loan, which withholds full control of the property until it is paid off, cuts the time of repossession to 12-18 months.
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When are we going to get a change in the law so that rent-paying, law-abiding tenants get reasonable notice following repossession (e.g. a minimum of 2 months notice, the same as under Section 21 of the Housing Act 1988)?
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