on Aug 19th, 2010Free Foreclosure Prevention Help Offered for Indianapolis Homeowners
Help is on the way for Indianapolis homeowners looking to avoid foreclosure! On September 1, 2010 the Indiana Foreclosure Prevention Network (IFPN) will team with the Indiana National Guard to offer free workshops to homeowners in danger of foreclosure.
The foreclosure workshops will be held at National Guard Armories across the state. Homeowners will have the opportunity to meet with trained foreclosure prevention counselors who will advise borrowers on the alternatives to foreclosure and help navigate the process.
Homeowners planning to attend a workshop should bring the following documents:
• Monthly mortgage statement
• Information about other mortgages on your home, if applicable
• Utility bill in mortgagee’s name showing current address
• Two most recent pay stubs, documentation of income you receive from other sources or most recent quarterly profit and loss statement if self-employed
• Account balances and monthly payments for credit cards and other debts
• Estimates of other monthly expenditures (such as utilities, insurance and medical bills)
The Indiana Foreclosure Prevention Network was created in 2007 in response to the national housing crisis. Since then, the organization has worked with more than 75,000 Indiana homeowners. Statistics from Mortgage Bankers shows that Indiana’s 4.51% rate of foreclosure is lower than the national average of 4.63%.
Foreclosure workshops will be held from 3 p.m. to 8 p.m. September 1 in the cities of Indianapolis, Hammond, South Bend, Fort Wayne, Columbus, Evansville, Terre Haute and Richmond. The Indianapolis-area National Guard Armory is located at 3912 W. Minnesota Street.
For workshop locations and more information, visit the IFPN Web site at: http://www.877gethope.org/ or call 877-GET-HOPE.