The new foreclosure mediation program creates a process by which homeowners are connected to housing counseling and provided an opportunity to participate in a mediation session prior to the Court entering a judgment of foreclosure. This program gives homeowners a great opportunity to work with housing counselors, their lender and a neutral mediator to reach a positive alternative agreement and avoid foreclosure. The mediation program goal is to assist homeowners avoid foreclosure by providing a formal process intended to foster negotiations between homeowners and mortgage companies.
