What Is Foreclosure Mediation & How It Can Help Stop Foreclosure


Foreclosure mediation is a process that is used to help homeowners avoid foreclosure by coming up with an alternate solution that benefits both the borrowers and the lender. The mediation process varies from state to state, but it generally begins when a lender initiates a foreclosure in accordance with state law. One study has shown that homeowners who participate in mediation are 1.7 times more likely to avoid foreclosure than those who did not.

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List of States with Foreclosure Mediation Programs

Here’s a state-by-state breakdown of foreclosure mediation programs. You’ll also find info on the process specific to each state as to how to go about it.

Related Posts: Courts require mediation before foreclosure; Top 5 alternatives to foreclosure 

P.S.: We’re always seeking personal stories of foreclosure.

If you have one that you’d like to share about going through the process, life after foreclosure, or anything related, send it in [info-at-ForeclosureBusinessNews.com].

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