Indiana AG Proposes New Rules for Foreclosures

Posted on January 4, 2011

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The Indy Channel posted an article about the AG’s proposed foreclosure regulations.

“The proposals include the following:

Mortgage providers would have to show courts documentation that they actually own the property.

Courts would be required to send a separate notice to homeowners involved in a foreclosure that they have a right to have a settlement conference with their lender.

Judges in all counties would have to handle the foreclosure process the same way.

“We are trying to be proactive and not waiting for the Federal government,” Zoeller said. “To maintain some credibility in the sale of homes, you need a chain of title to have credibility with future buyers.”

For foreclosure, real estate and elder law legal help, call Christine Axsmith at Axsmith Law.  The Federal Trade Commission has great information on helping prevent foreclosure in Washington DC.

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