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During 2007, lenders began foreclosure proceedings on nearly 1.3 million properties, a 79% increase over 2006. [298] This increased to 2.3 million in 2008, an 81% increase vs. 2007. [299] By August 2008, approximately 9% of all U.S. mortgages outstanding were either delinquent or in foreclosure. [300] By September 2009, this had risen to 14.4% ...