The IFPN was developed by a coalition of community organizations, housing-related agencies, government agencies, lenders and banks, to assist Indiana homeowners who are struggling with—or who are at risk of—mortgage delinquency and foreclosure.
By analyzing each individual’s situation, identifying available options, and developing personalized foreclosure prevention plans, our counselors empower homeowners to make informed choices regarding their mortgage situation. This could involve anything from making adjustments to a budget, applying for mortgage assistance through lender programs, or exploring alternatives to homeownership.
A 2014 study sponsored by the Urban Institute found that households that worked with a housing counselor were 2.83 times more likely to receive a loan modification, and 70% less likely to redefault on a modified loan. Counseled clients also saved more per year compared to modifications given to non-counseled borrowers.
To talk to a counselor, fill out an application at www.877gethope.org and return any requested paperwork promptly.