Monday, May 19, 2008

Foreclosure Prevention

Don't Let the Walls Foreclose in on You


In an effort to reduce the number of home foreclosures in Indiana, Lt. Governor Becky Skillman announced the launch of a major statewide initiative to assist Hoosiers who are in danger of losing their homes.

Hoosiers facing mortgage default or foreclosure can call a toll-free number, 877-GET-HOPE. This toll- free, confidential help-line will be available 8:00 a.m. to 8:00 p.m daily, at no cost to the consumer. Also, a web site www.877GetHope.org will be available 24 hours a day, seven days a week.

The initiative is led by the Indiana Foreclosure Prevention Network (IFPN), a public-private partnership of government agencies, lenders, community service, and housing-related organizations. State certified foreclosure intervention specialists will answer the calls and foreclosure cases will be triaged over the phone through loan modification, forbearance, or other mechanisms. If the cases cannot be triaged over the phone and require intensive one-on-one counseling, the cases will be referred to the Indiana Foreclosure Prevention Network (IFPN) Agencies. To learn more about the IFPN visit www.877GetHope.org or IACED's web site at www.iaced.org/subpage.asp?p=57

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