Indiana mortgage help and foreclosure assistance programs.
Find mortgage and foreclosure help in Indiana, including in the cities of Indianapolis as well as Fort Wayne among others. In addition to the resources that provide assistance with a home loan and that offer help dealing with a foreclosure, residents can call an agency below in order to locate additional services. For example, there are many other financial aid and grant programs that can help families with paying other bills if they need it.
In an ongoing effort to reduce the number of home foreclosures in the state of Indiana, the governor created a major statewide initiative. It was intended to stop the crisis in the state and can assist residents who may be in danger of losing their homes.
Hoosiers facing a foreclosure on their primary residence, whether immediate or in the distant future, may call a toll-free number, 877-GET-HOPE. This confidential help-line is available from 8:00 a.m. to 8:00 p.m. daily, at no cost to the consumer. All of the advice given from it is also available at no cost.
Services provided by the state include the creation of a written financial plan, budgeting help, or assistance in contacting lenders. Whenever possible, mortgage counselors will assist homeowners over the phone. If more extensive assistance is needed by the borrower, the counselor will refer the person to a certified foreclosure intervention specialist. This will allow more hands on support.
There is another service that the hotline can refer homeowners too. This one ensures that all parties (such as the lender and borrower) meet. This is the foreclosure mediation program, which is available to all families.
In addition to these options, banks or lenders who are pursuing a foreclosure filing must send notice of the action that is being taken at least 30 days in advance of the filing. Not only does the family need advance notice, but the lender must also offer the homeowner access to free mortgage foreclosure counseling and any other assistance they may need.
Countrywide makes restitution payments to Indiana homeowners
The Indiana attorney has announced letters were mailed to thousands of Indiana homeowners whose homes were foreclosed on by Countrywide. These households are eligible to receive a restitution payment worth at minimum $1,500 from Countrywide (now Bank of America) to compensate them for the aggressive actions that were taken by this company. Find more on the restitution payments to Indiana homeowners and how these families can obtain the funds.
Free foreclosure assistance for Tippecanoe, Benton, Boone, White, Clinton, Fountain, Montgomery, Warren, and Carroll Counties
Lafayette Indiana based Homestead Consulting Services offers homeowners in these counties free foreclosure assistance, advice and other forms of counseling. They can provide local borrowers information on and access to a wide variety of services and resources.
There are many options available across the state. Residents can learn about free foreclosure assistance in Indiana. There is everything from free foreclosure counseling to help in applying for government resources. The Consulting can also put families into contact with other mortgage programs and options that they offer clients.
Non-profit agencies and organizations
The federal government HUD agency has classified many non-profits as certified housing counselors. By law, many of these organizations will offer either free, or low cost advice. Applicants will not be turned away. Get information and find a listing of Indiana HUD housing agencies.
Additional free foreclosure counseling in Indiana
Another non-profit, known as Pathstone, also operates in many towns and cities. The firm offers counseling and prevention services to many counties in Indiana. Learn more on this agency.
Mortgage help from the Indiana Foreclosure Prevention Network
Dozens of community action agencies, non-profits, banks, lenders, and housing counselors have partnered together to create the Indiana Foreclosure Prevention Network. These different parties will provide help to those who need it. There may be referrals and information provided on mortgage assistance. This, and more, is available to homeowners across the state. Click here to read more on the network.
Zero interest loans for unemployed from Indiana Hardest Hit Fund
With the weak job market, tens of thousands of families are struggling to pay their mortgage after losing their job from factors that are out of their control. Or maybe they are struggling due to a reduction in work hours and corresponding income that results from that. The federal government has provided Indiana money as part of the Indiana Hardest Hit Fund, and the financial aid is being used to help individuals pay their mortgage and avoid a foreclosure. More on Indiana Hardest Hit Fund.