In Marion County the Society of St. Vincent de Paul has brought hope with help to many families for the last four decades. Recently the demand for assistance has shot up. But many of these real life stories have got lost in the hype about stock markets, bailouts and unemployment figures.

The organization of Indianapolis St. Vincent de Paul comprises of over 1,400 sincere and dedicated volunteers. There is no paid staff in the body.

They have noticed that workload had noticeably increased throughout 2008. Many have suffered because of the foreclosure crisis and job losses but there is a vast majority of help seekers who have never come anywhere near owning a house.

The food kitchen of the organization caters to the requirements of over 3,000 families each week today. In January the number was 2,000. It is the biggest food panty in Indiana and most probably in the entire Midwest.

The food is varied and they depend on National Food Bank Network as well as the generosity of Kroger, Second Helpings and Colonial Bakeries.

There are also private donations responding to food drive operations. Even with this massive support they still need over $250,000 to address the rapidly growing number of needy for 2009. The current level of help calculates to the families each getting $45 to %55 value of food per week.

The organization is not helped by any governmental funding. Neither does it get direct help from the Catholic Church although the name is that of a Catholic saint. It is does not have the membership of United Way because the body does not have any paid executive director – all the workers are volunteers.

The volunteers from Catholic parishes and the community in general registers the families, collects the food, stores them and then sees to the distribution. They take personal care of the items and have them delivered to those who cannot go out of their homes.

Those interested can log on to its website and come forward to stand beside the needy who are in acute condition thanks to the foreclosure crisis.

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The Sheriff and his staff deal with the houses after the lenders foreclose on these. Most of them are auctioned off at the Sheriff’s Sale. The numbers of such foreclosed auctions have gone up to 1,000 this year. Previously in the entire 12 months of 2002 it was 500. Consequently the workload for the Sheriff and his office has considerably increased. Williams complained, “It’s becoming more and more difficult for my people who were doing that to keep up with them in addition to all their other jobs.” With no other way out, the Sheriff is no taking the help of an outside firm to deal with the surging tide of foreclosures.

With the increase in evictions from foreclosure a demand has risen for rental accommodation. People can no longer afford houses of their own and so they are becoming tenants. In Sugar Mill Creek all the 400 rented units are booked. This tendency has not set the ball rolling for purchase of houses. It continues to be a buyer’s market. There are several houses in the market but loans are not easily available.

Local managers of property however opine that there is no direct link between increase in foreclosures and rising demand for rented houses. One factor is that of job transfer. The other causes are the slump in general economy, rising property taxes and inflation. Experts opine that foreclosure numbers will not go down and this will lead to a greater demand for rented units.

The sub-prime ARM loans are primarily accused for the unprecedented foreclosure crisis that is sweeping across the country. Millions of houses have been sucked in by the foreclosure tornado. Millions more are about to meet the similar fate. It has become a socio economic problem of jumbo proportions. No part of the country or any section of the society has remained immune to its onslaught. The chain reaction that is triggered is even more devastating. Many cannot afford even to pay the rent and are staying in their cars. The pressure on shelter homes has increased but the state budgets are decreasing.

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