Foreclosures Hit Suburbia

As the mortgage crisis continues, foreclosures are beginning to make their way into suburban areas, which had to this point, hadn’t yet been affected, according to The Warren Group. Petitions to foreclose continue to rise, a sign that the housing crisis may not yet be fully ready for a recovery. “It isn’t just confined to the working-class communities,’’ said Timothy Warren, chief executive of The Warren Group, a Boston publisher of real estate data. “We’re seeing more and more, in vacation home areas and in white-collar suburban communities. Foreclosures have started to hit home there.’’ To read this article, click here.