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Foreclosures Lead In Indiana
Updated May 5, 2013 12:03 AM | Filed under: WBIW News
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(UNDATED) - Indiana once again leads the nation in home foreclosures.

Foreclosures reached an all-time high in the final quarter of 2005.

With proceedings started against nearly 7,600 Hoosier homeowners. Nearly 1% of mortgage loans in service statewide entered foreclosure, more than double the national rate and the state's highest rate since 1979.

The increase is blamed on a rise in factory layoffs and personal bankruptcies. Indiana has led the nation in foreclosure proceedings since July 2004.

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