The Warren Group reported that foreclosures increased 62.4% in 2008 compared to 2007.

According to The Warren Group:

A total of 12,430 foreclosure deeds were recorded last year, up from 7,653 in 2007 and 3,130 in 2006.

One positive note, according to CEO Timothy Warren, “There has also been a trend down in foreclosure petitions in the last few months. In early 2008, lenders were filing an average of 3,000 petitions to foreclose each month. Toward the end of the year, that number fell to below 2,000.”

Source: The Warren Group via way of the Boston Herald/Real Deal

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