Indiana has always been a great place to experience the American dream of homeownership. Like all Americans, Hoosiers are feeling the effects of the national housing crisis, and their dreams are being threatened by the devastating impact of mortgage foreclosures.
The causes of foreclosure are as varied as the people it impacts. Unexpected job losses, health care costs and family changes such as death or divorce are the leading causes of mortgage default in Indiana.
Foreclosure is devastating to families and their long-term financial security, but it also sends a ripple effect through entire neighborhoods and communities. Because the threat of foreclosure affects us all, we all benefit from finding ways to combat the problem.
Last fall, Indiana began addressing the problem of foreclosure with the launch of a major statewide initiative to assist Hoosiers who are in danger of losing their homes. The Indiana Foreclosure Prevention Initiative was developed by a coalition of community organizations, housing-related agencies, government agencies, lenders and statewide associations known as the Indiana Foreclosure Prevention Network (IFPN).
Through this unique partnership of the public, private and nonprofit sectors, a toll-free helpline, 1-877-GET-HOPE was established. For anyone who may be at risk of foreclosure, the helpline provides free, confidential financial counseling with no obligation or commitment. In addition to the helpline, this Web site was created to give Hoosiers the opportunity to go through an online workshop to better understand the foreclosure process and what resource are available to Hoosiers facing foreclosure.
Getting help – and getting it early – is critically important. The sooner homeowners recognize they may be at risk and seek help, the more options they have to avoid foreclosure. Visiting this Web site is a great first step in getting help.
It’s your home. It’s your dream. Take the opportunity to explore this site and see what options exist to help you save your dream.
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