Indiana Leads Nation In Foreclosures
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Indiana lead the nation with its foreclosure rate was nearly 1 percent. The Midwest has had the roughest time lately in the country as stagnant employment and rising energy costs have hit the region hard. The gulf region led to a national increase in defaults, but lenders have worked hard to help homeowners displaced to deal with the issues they are facing.
The rate of mortgage foreclosures filed in the fourth quarter of 2005 climbed to nearly 1 percent in Indiana, topping any other state, according to the Mortgage Bankers Association quarterly mortgage survey.
Trailing Indiana, at slightly below 0.90 percent, were Ohio and Michigan.Nationwide, the percentage of mortgage that started in the fourth quarter rose to 0.42 percent, up from 0.41 percent in the third quarter.
Late mortgage payments nationwide climbed to a 2.5-year high in the last three months of the year, as Gulf Coast homeowners struggled with fallout from hurricanes and high energy prices along with rising interest rates. via Northwest Indiana News
I like your analogy in this article. The real estate economy really is like a patient who you cannot ...
Real Estate is hyper-local. Every market is different. Phoenix has already hit bottom and is starting to recover. We have ...
Great to hear that the big boys
are predicting recovery sooner than
most think.
Thanks for the value! 
I agree--good analogy. You have to crawl before you can walk. Right now, at least in Austin, many people would ...
I live in the Philippines and I am glad we are not on the lists... 
I have a few Litograghs of Presidents homes , made by Richard V. Sebring. yr. 1990 Do they have any ...
I see the question I have, but no response. I do not have a for sale sign up ...
I'll add mine to the list too. This is happening in Kansas City, Missouri as well now.
We already knew ...
Pingback by Real Estate Investing For Real Blog - BiggerPockets.com » Blog Archive » Who has the highest foreclosure rate in the nation? on 19 March 2006:
[...] This great piece of data comes thanks to The Real Estate Bloggers. With close to a 1% foreclosure rate, Indiana leads the nation with highest percentage of properties foreclosed upon. Followed by Ohio and Michigan, Indiana is just the first state to show the results of bad lending policies and risky mortgages. It won’t be long before other states follow Indiana’s lead here, sadly. [...]