Large portion of Muncie neighborhood in foreclosure

June 11, 2007
Most of an entire housing development going up just west of Muncie will be auctioned at a Delaware County sheriff's sale, and the developer says a weak housing market is to blame, according to The Star Press.

M&M Construction of Muncie, the developer of Laurel Meadows, said 38 undeveloped lots will be auctioned; 15 homes have been sold. The company owes nearly $575,000 to a Michigan bank.

Nearly 400 homes have been scheduled for sheriff's sales in Delaware County this year.
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