Programs for Foreclosure Mediation

Tue, Sep 29, 2009

General Info, Tips & Tools


From the National Consumer Law Center…check it out…

Summary of State and Local Programs
Summary of 22 state/local programs that establish some type of foreclosure diversion program requiring lenders to engage in mediation, conciliation, or a settlement conference. Summaries include a general program description and lender and borrower obligations under the program.

You can access the report here: http://www.consumerlaw.org

Tags: government regulation, law overview, lender mediation, loss mitigation, state laws, tips

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2 Comments For This Post

  1. jim renfrew Says:

    no foreclosure diversion program in NH why don’t all stats have them?

  2. Erica Says:

    Has this program been sucessful in Florida? I am thining of going this route and paying down all my debt and once we get to mediation, I will be in a much better postion to pay whatever needs to on my mortgage. I can’t lose my home!

    Todd Temaat Reply:

    I don’t know how successful each state program is. You’d have to contact the agency in charge for Florida and ask them.

    If you can’t lose your home, then pay the payments and let all the other debt go. Not paying your mortgage so you can pay your credit card bills is a little like not treating the gaping wound in your neck because you have a cut on your finger that’s bleeding.

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