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Wednesday, June 03, 2009

Foreclosure Help - Mediation

A new state law goes into effect in July which allows homeowners facing foreclosure to demand a mediation with their lender. Lenders would be required to produce promissory notes for the loans.

This gives homeowner's a chance to re-negotiate terms with their lenders. This is especially helpful in cases where the lender has not been very cooperative.

The cost will be about $200.

More information here.

1 comment:

dannyramos5 said...

WHERE DO WE SEND THE MONEY FOR THE MEDIATION?