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Homeowner Assistance Funds were established through the American Rescue Plan Act in 2021 to combat COVID-19-related setbacks. Indiana’s Homeowner Assistance Fund is the state’s fund for Hoosiers. One listener wondered why applications were taking long to process and if others struggled with foreclosures in the process.
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As sales move online the measure could help stop out of state buyers with a bad track records.
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The new homeowner assistance fund will help those behind in mortgage payments, property taxes and utilities, due to loss of income during the pandemic, or increased costs related to the pandemic
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The number of foreclosure filings is still well below pre-pandemic levels. But they are growing.
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The COVID-19 pandemic along with the expiration of the eviction moratorium is expected to fuel a rise in bankruptcy filings at the beginning of 2022,…