Indiana Foreclosure Prevention
In July of 2009, Indiana put into effect foreclosure law aimed at providing residential homeowners with avenues to avoid foreclosure. The new law requires that a lender provide the borrower with a 30 day notice that the borrower has defaulted on his mortgage along with information where the borrower can seek assistance through the foreclosure process. Additionally, when the lender files its Complaint for foreclosure in Indiana, the lender must provide notice with the Complaint that the borrower is entitled to a settlement conference before the case can progress. This settlement conference is aimed at helping the lender and borrower find a way to prevent the foreclosure.
