Effective on July 1, 2009, troubled borrowers must receive two notices from their mortgage lender. The first notice informs homeowners that they are in default on their mortgage and if they continue in default for 30 more days, the lender may initiate a foreclosure on the property. The second notice is sent to homeowners when the lender files a foreclosure claim with the court. It informs homeowners that they may be entitled to a court-ordered settlement conference during which an agreement to avert the foreclosure may be reached.

Click on the following links to see samples of the Default Notice and the Settlement Conference Notice. For additional information about the settlement conference process in Indiana, please go to the Indiana Supreme Court’s website.