Homestead Consulting Services, which is headquartered in Lafayette Indiana, offers resources to people who are facing a foreclosure. These resources include information about government programs, legal assistance, and financial counseling. The programs can help homeowners who live in Tippecanoe, Benton, Boone, Carroll, Clinton, Fountain, Montgomery, Warren, and White Counties. They have a wide range of coverage.
The agency provides free foreclosure counseling to all homeowners who live in the nine counties in the Lafayette area. The housing counselors will meet with borrowers to determine if they want to keep their homes and explore all options. They try to find a solution that is beneficial for both the lender and the homeowner. After assessing the situation, they offer options that are relevant to it. Some homes cannot be saved because the homeowners’ financial situation is poor and there is no improvement in sight. If that is the case, they will communicate that.
The main objective is to assist homeowners who are lagging behind on their mortgage loan repayments and are in danger of being foreclosed on. Some of the options that counselors can offer that may be able to help borrowers financially include looking into short sales, loan modification options, principal reductions, forbearance, and other options that might be augmented by federal government assistance programs.
If a borrower is struggling to make payments, a mortgage broker can help them communicate with their bank or lender. Together, they can try to come up with a solution that works for both parties. The best part of this is that the homeowners won’t have to pay anything for the Foreclosure/Delinquency assistance because it is covered by a grant. This means that all the programs offered are free of charge. The agency can be contacted by phone at 765-423-1284.
Attorneys can also help with the foreclosure
The agency also offers a service to connect homeowners with attorneys who can help with the legal process involved in foreclosure. There are a few ways to get free legal advice. You can contact your local bar association or look for free legal clinics in your area. You can also look for online resources or contact a lawyer to see if they offer free consultations.
Homestead Consulting Services is not seeing an increased number of people seeking aid, despite the many options and programs that are available to people who are behind on their mortgage payments. The nonprofit organization typically works with about 300 clients at any one time, which is a number that hasn’t increased in recent years even though the housing crisis is ongoing.