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 Monday October 06, 2008 21:03 by MoneyWatch - SouthWestWatch
 SouthWestWatch - While the markets drop our news-stock rises on and on! From our MoneyWatch desk - and boy-o-boy have they been busy dumping bad stocks and buying gold. However we collared them to give us an update for the South West - and it's bad news folks. The South West is being hit by a wave of repossessions. As the gleaming spires of Cabot Circus open in Bristol, across the region there are plenty of worried families for whom a day out at the tills is the last thing on thier mind. Recent figures show that as the credit crunch is biting, and as you might expect, repossessions are on the rise, the percentage for the region is much higher than the national average - in some areas of the South West up to 24 precentage points higher!! The national average is 17% and in the South West it is up to 41%!!! This from the Guardian; |
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Jump To Comment: 1 2 3If you are struggling with mortgage arrears and or other debts it is best to get advice early rather than later.
Through out Bristol and the South West there are specialist debt advice workers based at local advice centres. For details of your local advice centre look at the following link:
Apparently in the US there is a great way to delay reposessions: Demand that they prove ownership of the debt!
Since the mortgage is part of a collaterallized collection of othr pieces of paper it takes months on end for them to sort it out. Don't know if that would apply here, but it certainly takes a long time if you squat your own property and force them to send in the bailiffs, as it requires all kinds of legal jiggery-pokery. (Helps if you offer to pay some rent, too!)
We need a new movement of housing activism.
To demand social housing.
To defend, physically if necessary, anyone facing eviction or repossession.
To take control of, squat, all those luxury apartments sat around empty whilst 20,000 people in Bristol wait on the housing register and more join them.
It's all been done before.
Now's the time to begin resisting this sick system . . .
http://tinyurl.com/3u7xtw
http://www.bristol.indymedia.org/article/689003