Mortgage defaults surge
An increasing number of homeowners are defaulting on home loan repayments, with an estimated 70 000 South Africans currently in mortgage arrears, latest figures from the Alliance Group shows.
Alliance Group CEO Rael Levitt says their research shows that the number of homeowners who have defaulted on monthly mortgage repayments by up to two months have increased tenfold in the 12 months to end-September 2008.
07 October 2008
70 000 South Africans In Mortgage Arrears
Property24 reports:
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1 comment:
You wanna live beyond your means? Your upkeep will be your downfall.
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