Indiana Housing Foreclosure Dip

U.S. foreclosures rise to record; Indiana's dip
Although 342,038 tallied nationally was a 1% rise, Indiana's 5,019 filings for month showed 2% decline

By Jeff Swiatek
Posted: May 14, 2009

U.S. property foreclosures hit a record-high rate in April, but Indiana dodged the dismal trend with fewer foreclosures.

The record 342,038 repossessions, default notices and other types of foreclosures filed last month probably can be attributed to the end of moratoriums on foreclosures put in place earlier this year by President Barack Obama and individual lenders, said RealtyTrac. The California-based company tracks foreclosures nationally.

The record filings mark a 32 percent jump from April 2008 and a 1 percent increase from March 2009. One of every 374 U.S. housing units received a foreclosure filing in April, the highest rate since RealtyTrac began its reports in January 2005.


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