Mandatory Mediation For Indiana Homeowners, Foreclosing Lenders Begins July 1

In Marion County, Indiana, The Indianapolis Star reports:

• Indiana homeowners facing foreclosure are starting to see benefits of new legal protections and counseling along with millions of dollars in new federal grants. On July 1, a new state law takes effect requiring mediation between homeowners and lenders in foreclosure cases. It's the first such requirement in the state, although Marion County passed a rule in March requiring settlement conferences between lenders and homeowners before a foreclosure will be approved.

For more, see New rules, programs aid Hoosier foreclosure candidates.