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Pilot project uses secure network for foreclosure settlement agreements

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The Indiana Supreme Court announced Monday a new program that allows parties in mortgage foreclosure settlement cases to exchange financial documents over a secure online network.

According to the Indiana Housing and Community Development Authority, most of the approximately 300 settlement conferences that happened between July and December 2009 were unsuccessful because one or both parties weren’t prepared. As a result, the secure online portal was created.

St. Joseph and Marion counties and Indianapolis law firm Feiwell & Hannoy P.C. will be the first to use the portal during a pilot phase. Indiana trial courts, housing counselors with the Indiana Foreclosure Prevention Network, and lender attorneys will have access to the secure network. Eventually the network will be used by lenders, borrowers, and law firms around Indiana. The goal is to get other counties and default law firms on the portal by Aug. 1, 2011.

The system also automatically tracks the status of every file so that a record of foreclosures can be viewed by stakeholders. The pilot project is paid for by a $25 filing fee to Default Mitigation Management LLC, which created the portal, for use of it. DMM owns and operates the portal.

The aim of the new portal is to build on the success of the coordinated settlement conferences and facilitate the exchange of necessary documents with the goal that mediation resolutions will happen in less time.

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  1. Hail to our Constitutional Law Expert in the Executive Office! “What you’re not paying attention to is the fact that I just took an action to change the law,” Obama said.

  2. What is this, the Ind Supreme Court thinking that there is a separation of powers and limited enumerated powers as delegated by a dusty old document? Such eighteen century thinking, so rare and unwanted by the elites in this modern age. Dictate to us, dictate over us, the massess are chanting! George Soros agrees. Time to change with times Ind Supreme Court, says all President Snows. Rule by executive decree is the new black.

  3. I made the same argument before a commission of the Indiana Supreme Court and then to the fedeal district and federal appellate courts. Fell flat. So very glad to read that some judges still beleive that evidentiary foundations matter.

  4. KUDOS to the Indiana Supreme Court for realizing that some bureacracies need to go to the stake. Recall what RWR said: "No government ever voluntarily reduces itself in size. Government programs, once launched, never disappear. Actually, a government bureau is the nearest thing to eternal life we'll ever see on this earth!" NOW ... what next to this rare and inspiring chopping block? Well, the Commission on Gender and Race (but not religion!?!) is way overdue. And some other Board's could be cut with a positive for State and the reputation of the Indiana judiciary.

  5. During a visit where an informant with police wears audio and video, does the video necessary have to show hand to hand transaction of money and narcotics?

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