The Indiana Foreclosure Prevention Network
Indiana began addressing the problem of foreclosure with the launch of a major statewide initiative to assist Hoosiers who are in danger of losing their homes. The Indiana Foreclosure Prevention Initiative was developed by a coalition of community organizations, housing-related agencies, government agencies, lenders and banks, known as the Indiana Foreclosure Prevention Network (IFPN).
Through this unique partnership of the public, private and nonprofit sectors, a toll-free helpline, 1-877-GET-HOPE was established. The helpline is available seven days a week, from 8 a.m. to 8 p.m. For anyone who may be at risk of foreclosure, the helpline provides FREE, CONFIDENTIAL FINANCIAL COUNSELING with no obligation or commitment.
Lenders Offer Options to Stop Foreclosure
Lenders in Indiana offer options to help you avoid foreclosure. However, these options work best when your loan is only one or two payments behind. The farther behind you are on your payments, the fewer options are available. Contact your mortgage lender at the first sign of difficulty to prevent foreclosure.
Indiana Foreclosure Prevention Counselors
Indiana Housing Counselors are familiar with the various foreclosure prevention arrangements with your mortgage lender will consider. Working with a Certified Housing Counselor is a good way to make sure the advice you receive is accurate, reliable, and appropriate. You Certified Housing Counselor will advise on Indiana law that may help you avoid foreclosure. Local counselors are also aware of Indiana and federal programs that provide additional financial, legal or foreclosure assistance that you may need.
Remember, some housing counselors may charge a fee, so be sure to ask whether their services are free when you contact their office. Meet with the counselor before your mortgage payments are too far behind and timeline has passed. Our hope is that the information you find here will help you to avoid foreclosure, and we encourage you to take action right away.
Indiana Legal Services
Indiana Legal Services (ILS) is a nonprofit law firm that provides free foreclosure legal assistance to eligible low-income people throughout the state of Indiana. ILS helps clients who are faced with foreclosure problems.
Over half a million people in Indiana live below the poverty level. ILS recognizes and supports other agencies around the state that provide legal assistance to the poor, such as legal aid societies and pro bono programs. Even with all of these agencies working hard, it is difficult to meet the legal needs of the poor in Indiana.
ILS receives funds from many different sources, including funding from Congress through the Legal Services Corporation, funding through United Way agencies and other agencies around the state. ILS also accepts private donations.
In 2004, ILS served over 11,000 low income people. Some of these cases were full representation cases, where an ILS attorney represented the client in a court or agency action. Some of these cases involved giving a client advice about his or her legal rights and what action the client could take.
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