'Fine dodgers' face home repossession

Wednesday 19 May 2010

Article by Mozo

The Queensland government has sent letters to 11 individuals and four businesses warning of property seizure if they do not repay outstanding fines that total $257,000, it has been revealed.

Among them was a Brisbane woman who amassed a debt of $6,151, the Courier-Mail reported.

Attorney-General Cameron Dick said a warrant would be issued to sell the woman’s home at public auction if she failed to repay the five-year-old debt.

The threat worked, as the woman paid the fine in full and avoided the auction.

Mr Dick said fine-dodgers needed to accept responsibility for their actions, adding: "This is money that can be better spent on more teachers, doctors and nurses, or more schools, police stations and hospitals."

Such news is likely to interest Aussies who wish to compare home loans and secure a property. In a speech this week, Luci Ellis, head of financial stability at the Reserve Bank of Australia, warned prospective home buyers about rising mortgage debt levels and the dangers of speculative market activity.

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