Mediation Program for Distressed Homeowners: Judicial Foreclosure States (2022)

Mediation Program for Distressed Homeowners: Judicial Foreclosure States (2022) creates a mediation process as an initial step in a judicial foreclosure. Detailed information is specified for the complaint in a judicial foreclosure.  The court clerk on receiving the complaint initiates the mediation process requiring the parties to come to mediation with specified information. No fees can be assessed, the complaint need not be answered, and the judicial proceeding is frozen until the mediator issues a report.  The model law sets out standards for reaching an agreement as to steps to be taken concerning the mortgage.  If no agreement is reached the mediator issues a report, and the judicial foreclosure proceeds. The model also discusses responsibilities concerning the mediation fees and non-disclosure of information.