Useful Information about Foreclosure Mediation

David Moora of the ABA Section on Dispute Resolution advised me about a new resource page regarding residential foreclosure mediation. The resources, put together by the ABA Section on Dispute Resolution’s Mediation Committee, include, “descriptions and links to programs from ten states that have mandated the use of mediation in foreclosure actions; the page also includes resources on how to become involved in your local area. Foreclosure mediation provides a neutral forum for residential borrower-homeowners and their lenders to avoid foreclosure by working out new mortgage terms or other agreements mutually acceptable to both parties. The page will continue to be updated as new programs are developed.” The page can be found at: http://www.abanet.org/dispute/mediation/resources.html

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