Reply #7: Do I read this to mean [View All]

[salin]

you are looking to buy here? Or planning a move - color me a wee bit surprised if it is the former (to commit to staying here.)

When I was looking to buy two years ago - there were a whole lot of forclosures on the market, I asked the realtor if there was a spike - he said no - there are always big forclosures in Indiana due to very lax lending laws, and many loans knowningly made to folks who can not afford the size of the loan. Looks like you are experiencing what he was describing in terms of folks trying to get you into something that is more expensive than it should be - but trying to appeal to the Do It Now! mentality.

THat said, I wouldn't look at news about Indiana's foreclosure rates as an indicator of broader economic trends, we apparently set up a system that facilitates the situation. Now other states spikes in foreclosures - those are better broader indicators.

Good luck in your homeownership/FHA quest! :loveya: