ZIP 47446 Foreclosure & Distressed-Property Data

Property-related court filings in ZIP 47446, Indiana, in Lawrence County. Foreclosure, probate, divorce, and partition cases. These are the early-stage filings that precede MLS listings by months or years.

Based on public court filings, analyzed by Keystone. As of October 2026.

Investor takeaway

14.3% absentee owners: the share of filings in ZIP 47446 where the owner mailing address differs from property.
$108,900 median property value in court-filed properties in this ZIP.
72.4% Foreclosure, the dominant filing category in ZIP 47446.

Filing type breakdown

Lead type	Share
Foreclosure	72.4%
Divorce	13.8%
Probate / Estate	13.8%

Property values in ZIP 47446

Based on estimated property values from public property records.

Median

$108,900

25th pctl

$86,000

75th pctl

$163,300

Related areas

ZIP 47446 falls within Lawrence County, Indiana. Full county-level analysis: Lawrence County Intelligence Report · Lawrence County subscription page.

Nearby ZIPs in Indiana: 47421 · 47403 · 47401 · 47501 · 47374.

How foreclosure works in Indiana

Indiana is strictly a judicial foreclosure state. Every residential mortgage foreclosure must go through the circuit or superior court in the county where the property is located. There is no non-judicial (power of sale) option.

From first missed payment to sheriff sale: approximately 7 to 12 months. Uncontested cases in lower-volume counties can run 5 to 7 months. Contested cases or courts with heavy dockets (Marion, Lake) can reach 12 to 18 months.

Default (Day 0): Borrower misses mortgage payments, typically 60–90 days delinquent before the lender acts.
Demand letter (Day 60–90): Lender sends a demand/acceleration letter to the borrower. No court involvement yet.
Complaint filed (Day 120+): Lender files a Verified Complaint on Note and Mortgage Foreclosure with the county court. This is the first public court record.
Service of process (Day 130–150): Borrower is formally served with the lawsuit. They have 20 days to respond.
Answer period expires (Day 150–170): If the borrower does not answer, the lender can move for default judgment.
Summary or default judgment (Day 170–240): Court enters a judgment of foreclosure, either by default (no answer) or after motion for summary judgment.
Sheriff sale scheduled (Day 200–270): A minimum of 30 days after judgment, the sheriff sale is scheduled under IC 32-29-7-3.
Sheriff sale (Day 270–360): Public auction conducted by the county sheriff. Winning bidder must bring certified funds.
Confirmation and deed (Day 280–380): Court confirms the sale. Sheriff’s deed is issued to the winning bidder.
Eviction (Day 290–400): If the homeowner remains, a separate eviction action is filed after the deed is issued.

Redemption: Indiana eliminated the post-sale redemption right for mortgage foreclosures in 2004 (IC 32-29-7-7). There is no statutory right of redemption after the sheriff sale. The sale is final upon court confirmation.

Deficiency judgments: Yes. Under IC 32-29-8-2, the lender can pursue a deficiency judgment for the difference between the debt and the fair market value of the property at time of sale.

Reinstatement: Borrowers can cure the default (pay arrears, fees, and costs) at any time before judgment is entered. After judgment, full payoff of the accelerated balance is required.

Mediation: Indiana has no mandatory mediation program for residential foreclosures.

Full guide: How foreclosure works in Indiana. Federal servicing rules: the CFPB 120-day pre-foreclosure rule (12 CFR 1024.41(f)).

Lawrence County at a glance (public statistics)

County seat: Bedford.

Measure	Value	Source
Population	45,077	Census
Housing units	20,530	Census
Homes that are owner-occupied	80%	Census
Median home value	$164K	Census
Housing units that are vacant (U.S.: 10%)	7%	Census
Homes that are single-family detached (U.S.: 61%)	78%	Census
Homes built before 1940 (U.S.: 12%)	19%	Census
Residents aged 65 or older (U.S.: 17%)	20%	Census
Owner-occupied homes with no mortgage (owned free and clear) (U.S.: 39%)	41%	Census
Median age of residents (U.S.: 38.9)	43.5	Census
HUD Fair Market Rent, 2-bedroom, monthly (Lawrence County, IN)	$956	HUD
HUD Fair Market Rent, 3-bedroom, monthly (Lawrence County, IN)	$1,146	HUD
New housing units permitted in 2025	110	Census
Change in units permitted, 2024 to 2025	+1000%	Census

Sources: U.S. Census Bureau American Community Survey and Building Permits Survey; HUD Fair Market Rents.

Related guides

Frequently asked questions

What court filings does Keystone Court Data cover in ZIP code 47446?+

Keystone Court Data covers property-related court filings in ZIP code 47446, Indiana (Lawrence County), including: Foreclosure, Divorce, Probate / Estate. New filings are added as they are recorded.

What types of court cases are most common in ZIP 47446?+

In ZIP 47446, the filing breakdown is: Foreclosure (72.4%); Divorce (13.8%); Probate / Estate (13.8%).

What is the typical property value of court-filed properties in ZIP 47446?+

The median estimated property value for court-filed properties in ZIP 47446 is $108,900, based on public property records. The middle 50% of properties range from $86,000 to $163,300 in estimated property value. Values are sourced from public property records.

What share of court-filed properties in ZIP 47446 have absentee owners?+

14.3% of court-filed properties in ZIP 47446 have an owner whose mailing address differs from the property address. Absentee or out-of-state owners may face additional pressure to sell when a court filing is filed against the property.

New court records for ZIP 47446

Subscribe to Lawrence County on Keystone Court Data to receive new property-related Indiana court filings, including filings in ZIP 47446. Delivered from the day of filing. 7-day free trial.

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Cite: Keystone Court Data, "ZIP 47446 Foreclosure & Distressed-Property Data," 2026-10-25, https://keystonecourtdata.com/reports/47446-foreclosure-data