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By David Edwards and Mike Sheehan~Raw Story
Home repossessions rocketed by more than 20 per cent during 2007 to reach an eight-year high, according to new figures.
The Council of Mortgage Lenders said a total of 27,100 homes were repossessed during the year after people fell behind on their repayments.
Government figures also released today by the Ministry of Justice showed that more than 35,000 mortgage possession orders were made through the courts in the final three months of last year.
Despite the CML figures being better than expected, housing experts predicted that worse was to come with the possibility of a return to the problems of the 90s now a distinct possibility.
