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Does Governor Daniels Have A Reform for This?

Posted By admin on January 21, 2009

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Indiana is finally taking steps to help homeowners that are dealing with foreclosures.

What prompt the state to consider legislature for homeowners facing foreclosure is the alarming increase in foreclosure in Marion County.   The foreclosure rate in Marion County increase by 13 percent to a record high of 10,116 properties.  Consequently,  this is only one county statistics it states to reason that the rest of the state’s foreclosure rate has increased by that much or more. 

Even though it seems to be late in the game the state is taking a strong and forceful stand against further damage from the exponential amount of foreclosure through the state.  The state is proposing changes such as,

  • notification timelines for renters of properties that are undergoing foreclosure
  • avoid companies that acting on the behalf of the mortgage company to foreclosure
  • enforcing mediation between the homeowner and mortgage company before the property goes to foreclosure

The above changes to legislature is a welcome and much needed change to help homeowners stay in their homes.  The changes in and of themselves will not solve the problem overnight it will take alot to turn this crisis around.


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About the author

admin

Serena Brown is broker and owner of Taylor-Brown Real Estate. She is the author of this blog. She has also co-authored a book entitled Should I Short Sale My Home. She has authored a e-book How to Sell My Home. She will be authoring a book on real estate investing by April of 2010 and several reports. She has dual degrees in Business Administration and Electronic Engineering Technology. She prides herself on being up to date on all trends, news, and education related to real estate to include short sale, loan modification, etc. She also makes sure her clients are abreast of how these changes will affect them financial. Therefore, stay tuned for great information in 2010.

Comments

16 Responses to “Does Governor Daniels Have A Reform for This?”


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    It happened to us! We were never delinquent, ever! But, the originator of the loan, scummy Lehman Brothers and their piggy servicing company, Aurora Loan Services committed mortgage fraud; i. e., they forged loan documents after closing changing our lo…


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Taylor-Brown Real Estate Talks' goal is to empower the consumer with education about real estate, insurance, and mortgage trends, news, terms, etc., so that the consumer can achieve financial wealth through listing and selling real estate.


About the author

admin

Serena Brown is broker and owner of Taylor-Brown Real Estate. She is the author of this blog. She has also co-authored a book entitled Should I Short Sale My Home. She has authored a e-book How to Sell My Home. She will be authoring a book on real estate investing by April of 2010 and several reports. She has dual degrees in Business Administration and Electronic Engineering Technology. She prides herself on being up to date on all trends, news, and education related to real estate to include short sale, loan modification, etc. She also makes sure her clients are abreast of how these changes will affect them financial. Therefore, stay tuned for great information in 2010.

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