Foreclosure Help in Indiana
Facing foreclosure on your property can be a very stressful experience, especially if you are struggling financially. Thankfully, you should be able to find plenty of resources for Indiana foreclosure help. This can include both local and federal programs, all aimed at helping you during this difficult time. Let’s look at some of these support services.
Let’s start by looking at the resources provided by the state of Indiana. These include things like;
- Indiana Foreclosure Prevention Network
This is one of the best ways for you to seek assistance, created by the Governor of Indiana. This network features resources to help people going through foreclosure. In this area, they will be able to help in a range of cases. For example, they will be able to provide resources to help you improve your budget or create a financial plan. They will also be able to make it easier for you to get in contact with lenders. There are a few ways that you can access this program. First, you can call the toll-free number 1800-GET-HOPE.
- Indiana Housing And Community Development Authority
You might also want to use the resources provided by the Indiana Housing And Community Development Authority (IHACDA). This website contains a vast array of resources about homeownership. They can also make it easier for you to understand the legal requirements of owning a home in Indiana. You can learn more about the resources available by browsing through their website.
Have a specific question about Avoiding Foreclosure in Indiana? Check out our Foreclosure FAQ’s section.
- Foreclosure Mitigation Process
You might also want to take part in the foreclosure mitigation process. This is available in Indiana. During this process, the lenders will meet up with you. This will allow you to understand their position. It will also give you a chance for you to discuss the situation. In some cases, you might be able to come up with a compromise that will work for both parties.
There are also some federal assistance programs that you might want to consider using. These include;
- Making Homes Affordable (MHA)
This program aims to make it easier for homeowners to reduce their mortgage payments during a difficult period. You can learn more about the program and apply, on this website.
- Home Affordable Unemployment Program (UP)
If you are struggling financially because you have recently become unemployed, there are programs available to help you. Depending on your situation, you might be able to qualify for a reduction in payments or a temporary suspension on your mortgage. You can learn more about this program, and some of the other federal programs that you might be able to access during the foreclosure process.
Facing foreclosure can be a challenging experience. Thankfully, there are multiple resources that you can use for Indiana foreclosure help. These can provide anything from more information about your legal rights to a reduction in your payments. So, make sure to use some of these if you are facing foreclosure in the state of Indiana.