The following statistics should be a sobering wake-up call to the people of Northwest Indiana about how the property tax and mortgage lending crises have affected us. These figures were taken from the Realty Trac website (http://www.realtytrac.com/). We have included homes that are in 3 different stages of foreclosure.
Chesterton
2 Pre-foreclosure
18 Auction
14 Bank Owned
Crown Point
43 Pre-foreclosure
30 Auction
56 Bank Owned
Dyer
14 Pre-foreclosure
9 Auction
7 Bank Owned
East Chicago
36 Pre-foreclosure
25 Auction
76 Bank Owned
Gary
243 Pre-foreclosure
216 Auction
612 Bank Owned
Griffith
25 Pre-foreclosure
17 Auction
34 Bank Owned
Hammond
130 Pre-foreclosure
99 Auction
268 Bank Owned
Highland
20 Pre-foreclosure
10 Auction
22 Bank Owned
Hobart
37 Pre-foreclosure
27 Auction
65 Bank Owned
Lowell
21 Pre-foreclosure
7 Auction
21 Bank Owned
Merrillville
73 Pre-foreclosure
41 Auction
94 Bank Owned
Munster
11 Pre-foreclosure
7 Auction
10 Bank Owned
Portage
2 Pre-foreclosure
56 Auction
59 Bank Owned
St. John
7 Pre-foreclosure
0 Auction
1 Bank Owned
Schererville
15 Pre-foreclosure
5 Auction
11 Bank Owned
Valparaiso
4 Pre-foreclosure
47 Auction
64 Bank Owned
Whiting
9 Pre-foreclosure
8 Auction
27 Bank Owned
In Northwest Indiana alone, there are 692 homes in pre-foreclosure, 622 homes up for auction, and 1,441 homes that are now bank owned for a total of 2,755 homes. There are 2,500 homes in the City of Whiting. If you compare the number of homes in the City of Whiting to the total amount of foreclosed homes in Northwest Indiana, every home in Whiting would be foreclosed on. A whole community. What a chilling thought.