Foreclosure Mediation is Working in Florida

The word “horrifying” is not commonly found in reports from government task forces. Even when the subject is serious, the terminology tends to be sleep-inducing. Not when it comes to reporting from the frontlines of the foreclosure crisis. There are so many foreclosures in the legal system that it cannot handle them, reported the Task…

The Mortgage Assistance Information and Scam Prevention Act of 2009

Congresswoman Dina Titus (NV-D) and Congressman Dennis Cardoza (CA-D) introduced legislation today in the House of Representatives to help struggling homeowners receive valuable information that could help them avoid foreclosure. The Mortgage Assistance Information and Scam Prevention Act of 2009 requires all mortgage servicers who receive incentive payments under federal programs to notify their clients…

Nevada Sinks More Teeth into the Mediation Program

According to an Article in the Las Vegas Review Journal mediation officials are finding ways to make the parties try harder to get a deal done during the mediation session. The officials are considering giving the judges, who review the mediation process, to modify the loans, if the lenders aren’t trying hard enough.

First Two Mediations Scheduled in Foreclosure Mediation Program

MADAM SPEAKER’S PLAN TAKES OFFThe first two mediations under the landmark Nevada Foreclosure Mediation Program (FMP) have been scheduled for September 14. One of the program’s newly appointed mediators has scheduled the mediations to kick off the program that was created by the Nevada Legislature to help keep financially struggling Nevada residents in their homes.…