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Report Finds Foreclosure Filings Are Down 30%

Last updated on Friday, April 15, 2011

(UNDATED) - A report released today by Realty Trac indicates Indiana foreclosure filings are down about 30% from the previous quarter and 37% lower than one year ago.

Realtor Greg Cooper with Dick Richwine Group of Prudential Indiana says the sharp decrease in the first quarter of 2011 is the result of an ongoing backlog following last year's halt in activity.

He expects the foreclosure rate to head back up once banks are able to process paperwork.

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