repossession order

They usually wait until mortgage payments are between three and six months in arrears before seeking repossession orders.

The debt rose to a hundred and fifty thousand pounds and the bank obtained a repossession order.

In December 2009, she received a repossession order on her £1.5 million home, having not paid her mortgage in months.

Thir are sackloads ay repossession orders in the post.

A County Court Judge decided to suspend the repossession order, allowing Anne Henderson three more weeks to find a new home.

Home repossession orders through the County Courts rose by 35 per cent in 1991 to a total of 74,000, the Lord Chancellor's Department said.

In Darlington last year there were 238 repossession orders in the County Court, a rise of 136pc, the highest in the North-East.

Most lenders waited until payments were three to six months in arrears before seeking repossession orders, and by the time a court order was granted most families had moved out.

On the other hand, in many instances the repossession order is not carried out and it is estimated that only 60 per cent of orders eventually result in repossession.

In the mid-1990s UK courts routinely granted more than 100,000 repossession orders a year, a combination of falling house prices, negative equity, relatively high interest rates and a poor economic climate.

The town showed the tenth highest percentage rise in Britain for 1991 and the huge increase of 136pc made it one of the worst places in the North-East for repossession orders.