Notices To Homeowners Nearing Foreclosure Offering Mediation, Free Foreclosure Counseling Now Required In Indiana

In Allen County, Indiana, Indiana's NewsCenter reports:

• A new law is about to go into effect in Indiana that could help troubled homeowners stave off foreclosure. Starting July 1st, lenders pursuing foreclosure must send notice 30 days in advance, offering free mortgage foreclosure counseling and assistance at 1-877-GET HOPE. Then, if there's still no resolution, another notice goes out providing an opportunity for the borrower to sign and mail in a form to set up a mediation conference at the county courthouse to try and reach a settlement.

For the story, see Free Foreclosure Counseling To Go Into Effect July 1st.