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Lenders meet with borrowers at event

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Indiana Lawyer Rehearing

Following a statewide event Sept. 1 to help to homeowners who were concerned they might be facing foreclosures, the Indiana Foreclosure Prevention Network hosted another event Sept. 16 in Indianapolis.

The Sept. 1 IFPN event took place at National Guard armories in Indianapolis, Hammond, South Bend, Fort Wayne, Columbus, Evansville, Terre Haute, and Richmond. Information packets were compiled by foreclosure prevention counselors, who followed up with about 300 families around the state to collect missing information. Completed packets were then given to lenders Sept. 16.

Whether or not borrowers attended the Sept. 1 event, they could still attend the Sept. 16 event to meet with foreclosure-prevention counselors, attorneys, and lenders.

Stephanie Reeve, Indiana Foreclosure Prevention Network manager at the Indiana Housing and Community Development Authority, said about 700 borrowers and 20 lenders attended the latter event.

There were also 30 foreclosure-prevention counselors on hand to meet with borrowers, and six volunteer attorneys to answer borrowers’ questions.

Reeve said the event was “absolutely” a success.

“We believe that this is one of the largest events of its kind to have taken place in the Midwest and are pleased that so many borrowers were able to take advantage of this opportunity,” she said.

She also applauded “the effort of the legal community in assisting Hoosiers at risk of foreclosure in navigating the process to help them realize all of the available options in lieu of foreclosure.”

Rehearing "Events benefit Indiana homeowners" IL Sept. 15-28, 2010

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