Tuesday, February 17, 2004

"We used to sell from 50 to 100 properties a month," says spokesman Capt. Phil Burton, referring to a few years ago, before Indiana's foreclosure rate skyrocketed in 2003 and doubled that of the rest of the nation. "Now, we have over 500 plus (Sheriff's foreclosure auctions) a month."
-Ruth Holladay, Indy Star

A lousy economy, our predatory lending laws and our lack of a regulatory body to oversee first-time mortgages are blamed. Oh, and don't forget the regressive Indiana State House who promise to take us back to the proud days of the 1830s, where Indiana when bankrupt by betting on canals.

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