News
Investors over-represented in mortgagee sales
Friday 26th of April 2013
New Zealand's hot property market has resulted in a drop in the number of stricken property owners being forced into a mortgagee sale - but small-scale investors made up the bulk of them.
The rate of mortgagee sales is now at a four-year low, according to Terralink.
In the December quarter of 2012, there were 461 mortgagee sales, 11% fewer than the previous quarter and almos...
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