So, what does a graph like this mean? Well, for one, there are a lot of foreclosed or bank owned homes in Indianapolis / Marion County. The above graph only depicts the surrounding counties in the Indianapolis market area. This info is taken from realtytrac.com where you can see more counties.
The number of bank owned homes in Indianapolis, or Indianapolis Foreclosures, is actually down right now because of the government moratorium to stop foreclosures for a few months and let people catch up. Will this work? Will people “catch up”? There is plenty of controversy out there on this subject. Some feel that by allowing people the opportunity to catch up on their payments will save them from foreclosure, others believe that giving a few months reprieve on paying a mortgage payment will just put those already hurting further behind and we are just delaying the inevitable. What do you think?
To see all the bank owned homes in the Indianapolis area you can click here! 1) search the counties you desire, 2) price and home criteria, 3) click on FORECLOSURES 
Contributed by, Patty Bender
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