New Law Affecting Foreclosures
On July 1, 2009, homeowners facing foreclosure will have the right to participate in a settlement conference with their lender.  The purpose of the conference is to permit them to reach an agreement that could prevent foreclosure.  

Notice Requirements
This new law requires lenders to send a pre-suit notice to the debtor at least 30 days before filing a foreclosure action. The lender must file a copy of the Pre-Suit Notice with its foreclosure complaint.  Lenders must also include another notice with the complaint that tells debtors about their right to a foreclosure prevention settlement conference.  The Settlement Conference Notice must be served on the debtor with the foreclosure complaint and summons.

The Settlement Conference Notice directs the debtor to seek legal assistance or assistance from the Indiana Foreclosure Prevention Network (“IFPN”).  By signing the Settlement Conference Notice and delivering it to the Court, a debtor is entitled to have a Conference scheduled by Court order.  

	Pre-Suit Notice Form			Pre-Formulario de Notificación de trajes Traducido por la de Indiana Vivienda y Desarrollo Comunitario de la Autoridad
	Conference Notice Form			Formulario de Notificación de Conferencia Traducido por la de Indiana Vivienda y Desarrollo Comunitario de la Autoridad

Best Practices / Resource Material

	Deleveraging the American Homeowner: The Failure of the 2008 Voluntary Mortgage Contract Modifications
	Get Help & Get Hope Handout for Clerks
	Instructions for Foreclosure Action For new cases filed after June 30, 2009 View instructions for cases filed prior to June 30, 2009
	Generic Order for Settlement Conference
	Settlement Conference Order - Exhibit A
	Marion County Procedures for New Mortgage Foreclosure Law