Foreclosure Spike Expected in Indiana, Despite Improvements
Despite recent signs of stabilization in the real estate market, many experts predict that a new wave of home foreclosures is in store for Indiana and other states where lenders have been slow to work through the foreclosure backlog created during the 2011 robo-signing investigations.
Foreclosures dropped off significantly across the country in 2011 due to widespread allegations of improprieties in the foreclosure process. After lenders settled with government officials for $25 billion in early 2012, foreclosure rates spiked again as lenders worked hard to make up for ...