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Few in Ind. using state fund to avoid foreclosure

23.02.12

A state program created to help Indiana residents avoid foreclosure by providing them with 10-year loans is seeing few takers even though the state's foreclosure rate is among the highest in the nation.

The Evansville Courier & Press reports ( http://bit.ly/xuZczn ) that the Hardest Hit Fund has enough money to help more than 13,000 Hoosier households, but only 651 homeowners had applied for help by the end of 2011. Of those applications, about 220 have been approved and another 300 are pending.


Source: BusinessWeek

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