Legal Assistance - assist parties in determining, within a reasonable timeframe, whether foreclosure can be avoided by an alternate mutually agreeable arrangement, such as a loan modification or repayment plan, or to allow for a graceful exit from the property. The Program seeks to achieve this goal by structuring the collection and exchange of information to prepare the parties for their mediation session. The neutral and impartial mediator then guides and summarizes the communications so that parties gain a complete and clear understanding of any options that may exist or the reasons retention options are not available.
Eligibility - The Program is available to parties to a first or second mortgage foreclosure action involving a one-to-four family residential property. The homeowner need not reside in the property, but they may not own more than four other rental properties.
Costs - Both homeowners and mortgage companies pay a flat fee for the process. Fees vary by county
Staff - Professional mediators who understand mortgage companies’ loan modification review process and are trained to improve communication between the parties