Time is not on their side
Jul 27th, 2008 | By David Harper | Category: OpinionKerry-Anne Walsh: When an MP suggests the Government legislates to enforce mediation between lenders and home owners about to have their homes repossessed, things have officially become grim.
Liberal MP Sussan Ley’s proposal reflects the distressing fact that home repossessions are frighteningly common. Tour the outer suburbs of any high-priced city and it stares you in the face: street after street of “for sale” signs, many mortgagee-in-possession fire sales.