Borrowers in foreclosure cases filed after July 1, 2009, have the legal right to request a settlement conference with the mortgage lender. A settlement conference is a face-to-face meeting with your lender’s representative to potentially work out a deal with your lender before a foreclosure takes place.
The Office of Judicial Administration is required by Indiana Code [IC 32-30-10.5-10(i)] to provide a list of items needed for a settlement conference. These items listed are part of the loss mitigation packet:
- Financial worksheet
- Hardship letter explaining what has happened that has made you unable to pay your mortgage
- Dodd-Frank certification
- Request for Modification and Affidavit
- 4506T-EZ Form
- Authorization for release of information
- Copies of supporting documentation
The Indiana Foreclosure Prevention Network and the Indiana Housing & Community Development Authority may be able to provide additional information.