The south-west has suffered a spate or repossessions, with hundreds of people unable to keep up mortgage repayments or remortgage effectively, the Guardian Online reports.

Figures released yesterday reveal that repossessions in Devon and Cornwall increased by 41% earlier this year compared to the same period in 2007.

Mortgage experts in the area predict that there will be many more repossessions as the credit crisis wears on, with one eviction court in Penzance having recently dealt with 50 cases in a single morning.

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