A three-bedroom house at 365 Fitzroy St, Fitzroy, in Melbourne has been listed for sale as a mortgagee auction with an $875,000-$960,000 sales price indicated.
Melbourne has been labelled an emerging “mortgage delinquency hot spot” by one of the nation’s most respected financial analyst groups.
Moody’s Ratings late yesterday released a report indicating the city is now home to many of the suburbs with the highest numbers of homeowners behind on paying their home loan.
Numbers are rising nationwide, with more families struggling to keep their roof over their head in every state and territory than a year ago.
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Falling behind on a home loan is the first step towards a property being forced into a mortgagee sale, though lenders will work with most owners …