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19 Mar
Author: Joshua Dorkin • URL: http://www.biggerpockets.com/
as Mortgages, Real Estate Market
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.

4 Responses
Comments
Adam Paulisick
March 24th, 2006 at 12:43 pm
1Knowing the real value of your home is the first step in not getting foreclosed, escpecially with Foreclosure up 45% in January alone.
UappraiseIT (http://www.UappraiseIT.com) is the nation’s newest national real estate appraisal solution to hit the market. We have over 20 years of appraisal experience and have decided to open this market up via our Credit Card interface available 24 hours a day - 7 days a week.
Andrew
April 6th, 2006 at 2:10 pm
2That’s funny, I thought Georgia would have ranked up at the top of the list. In just the Metro Atlanta area here we have over 3,000 foreclosures every month.
Mary Anne Martin
May 5th, 2006 at 5:22 am
3This blog posting was of great use in learning new information and also in exchanging our views. Thank you.
Mary Anne Martin
http://www.realestateintexas4u.com
Michael
August 30th, 2006 at 7:19 pm
4I believe Ohio and Indiana swap from month-to-month for the leading state in foreclosures. I think it is more the economy and jobs (lack thereof) that contribute highly to foreclosure rates. Ohio is/was the 47th in the union in for job-creation. Another factor is that many Americans are just living in the here-and-now, satisfying their immediate gratification by running up charge-cards, refinancing their home to buy a Harley, or a boat or a plasma TV. Credit card debt keeps on increasing at a rampant pace. ARMs and option-ARMs are catching up with home-owners. Just many, many factors involved.
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