Foreclosure Stats Paint Gloomy Picture In Allen County

By Jeff Neumeyer

June 6, 2012 Updated Jun 6, 2012 at 4:13 PM EST

ALLEN COUNTY, Ind. (Indiana's NewsCenter) --- Is the economy really getting better?

Foreclosure filings in Allen County are suggesting otherwise.

Foreclosures in the county over the past year have risen by more than 26 percent.

From January 1st to June 6th of 2011, there were 615 foreclosure filings in the local court system.

During the same time period in 2012, there have been 776 such filings.

It's a problem Superior Court Judge Nancy Boyer deals with all the time, but she's even a little surprised by those statistics.

Judge Nancy Boyer/Allen Superior Court: " I don't know if it's a lag time, I don't know if the economy is not as good as what they're telling us, but these numbers obviously don't lie."

Foreclosures in 2010 were higher, but Judge Boyer says that is misleading, because lenders had held off filing foreclosures in late 2009, creating a backlog that was corrected in 2010.

Allen Superior Court sponsors a mediation program that helps work out settlement terms between lenders and borrowers, so property owners can keep from losing their homes.

There is a success rate of more than 72 percent for people who participate.




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