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Mortgagee sales at all-time high

Monday 28th of September 2009

There were 321 mortgagee sales recorded in July, 10 times greater than the pre-recession monthly total for July 2007, at 33, according to the latest mortgagee sales data from Terralink.

Last year's July figure stood at 109 mortgagee sales.

Mortgagee sales now account for 5% of all property sales, up from just 0.003% in July 2007.

It is the first time since records began...

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