With millions of American homes in Foreclosure, legislatures and courts are beginning to set up Foreclosure Mediation Programs in an effort to explore all options available to the homeowner and help homeowners keep their homes.
In mediation, generally the Lender or Lender’s Attorney is present along with a representative of the court (a “mediator”). Our dedicated team of Attorneys have experience negotiating with Lenders and can often obtain a favorable outcome for our client, although results may vary.
While a matter is in mediation, usually that case is taken off of the trial call and the foreclosure is effectively stalled while the two sides negotiate. If mediation is successful, often the Lender’s next step would be to dismiss the Foreclosure action. Call us at 847-786-8999 for a free Consultation.