New wave of foreclosures could be at hand for Indiana
Save Email Print
Bookmark and Share
Posted: 8:47 PM Mar 27, 2010
New wave of foreclosures could be at hand for Indiana
Indianapolis, IN
Indiana community and government leaders fear a rising number of delinquent home loans could spark a surge of home foreclosures that could devastate a fledgling housing recovery.
Reporter: Associated Press
Email Address: kylie.carter@wndu.com
Font Size:

Indiana community and government leaders fear a rising number of delinquent home loans could spark a surge of home foreclosures that could devastate a fledgling housing recovery.

The number of Indiana mortgages that were 90 days or more overdue jumped to its highest level in more than a year in January.

Experts blame a rise in the number of people who were unemployed for long periods and a housing surplus for the increase.

More than 1,500 homes entered foreclosure in the 10-county Indianapolis metro area in February. Fort Wayne and Evansville also saw increases.

Indiana ranked 17th nationally last year in the number of foreclosures.
More Stories

WNDU News Poll
Should Indiana opt out of Obamacare and use the federal money to create its own health plan?

YES
NO
NO OPINION


Most Popular Headlines