Govt to clamp down on buyback schemes
The Government is to fast-track laws covering housing buy-back schemes and is setting up a toll-free phone line to get an idea of how widespread the schemes are...
Wednesday, June 25th 2003, 6:15PM
by The Landlord
The people were then hit with high fees and interest rates. They also signed over ownership papers, so when they failed to meet a payment on the interest they had their homes sold from under them.
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