Some think foreclosure is black and white.  You either have enough money to pay your mortgage or you don’t and you lose your home.

But sometimes there is a middle ground.

The only problem is those options are often hidden by piles of complicated paperwork.

The workshops set up today are designed to help Hoosiers fill out all those forms so that when you start to talk to your bank you know what to expect, and you have all the answers that they ask for.  Those answers could be “the” answer to saving your home.

“The lenders have a lot of different options,” said Jay Kenworth of the Lt. Governor’s Office.  “They don’t want to see foreclosures either. Nobody does. It doesn’t make anybody any money. So what banks will do is look at your situation and say ok, we see that this is the problem and maybe we can alter the terms of your loan or maybe we can lower the principal or maybe sometimes the best option is to sell your home. ”

Full story is available on wthr.com