SLIGHTLY OFF TOPIC: Dispelling A Residential Foreclosure Myth

The Indianapolis Star published a letter to the editor yesterday with the headline:  “Lenders don’t want you to lose your house.”  Here’s a link.  My partner Tom Dinwiddie co-wrote the letter on behalf of the Indiana Mortgage Bankers Association.  Some of the points he makes apply with equal vigor to commercial foreclosures, although as I understand it the pro-consumer legislation currently being considered in Indiana would not impact business borrowers.