Articles Comments

Debt Relief – Insolvency – Bankruptcy Information » Uncategorized » Mediation Best Solution to Foreclosure Crisis

Mediation Best Solution to Foreclosure Crisis

Everyone out there is trying to do their bit to save every single house from foreclosure. One such example is a mediation program that was launched in Dayton area last November. It is a mediation referral program where a company, CountyCorp, is serving as a mediator between the banks, courts and the homeowners to ease and speed-up the process of a probable modification. The system of the program was in place in the year 2008; however, it was officially launched only in November 2009. Since then, it has helped about 103 homeowners avert foreclosure.

How does it work?

As per Raymond Dundes, Greene County Common Plea Magistrate, they work as mediators. According to him, “In foreclosure cases where there’s an answer and somebody asks for mediation, or if the file contains anything that indicates the parties need to get together, we order mediation,” and “We keep doing that until we get to a solid loan modification, or they realize they can’t keep the house.” Dundes also stated that they were able to help 815 people suffering from foreclosure in Greene County last year.


In the Montgomery area, the number of foreclosure cases had increased three fold. Almost two thirds of the area was undergoing house seizures in 2009. About 6920 houses received notices last year. To save the situation from worsening, this program was launched. Carolyn Rice, treasurer of Montgomery County, spent about $130,000 to roll out the program. This program has helped several people.

A recent example is Tara Smith. Tara Smith lost the eyesight of her left eye after she underwent a cornea transplant. She was on bed rest for a year and eventually lost her job. Today, she works for Montgomery County Board of Development Disability Services preschool.

When Smith came to know that her house was going to be foreclosed, she contacted Bank of America several times for a modification, but in vain. She said, “It was just attempt after attempt,” and “It was me being told ‘Don’t worry about it. You’re going to qualify for this program, that program.’ ” In July, she received the auction notice and decided to contact CountyCorp for help.

They helped Tara Smith get a court ordered mediation and she finally got a modification and saved her home. According to Patterson, “sometimes the homeowner’s biggest dilemma is the servicer (the bank’s representative) has not responded to anything.”

Original post: on, your source of a homes in foreclosure.


  1. VOICE Demands Immelt, GE, Bank of America, JP Morgan Address Foreclosure Crisis On April 10th 2011, 250 religious leaders and homeowners from VOICE (Virginians Organized for Interfaith Community Engagement) gathered in...

  2. Foreclosure crisis far from over Despite what mainstream media calls a recovering economy, the reality is Americans are still losing their house to foreclosure....

  3. Foreclosure Defense Attorney Coral Springs Foreclosure Attorney Coral Springs. Florida Foreclosure Process-How It works The Anatomy of of a Florida Foreclosure Defense Case...

  4. Foreclosure Defense Secrets This program is a necessity for any homeowner facing foreclosure or even just behind on their mortgage. Foreclosure Defense Secrets...

  5. Mortgage Foreclosure Help Attorney Lawyer Queens New York Brooklyn Bronx New York Nassau Suffolk NYC Stop Foreclosure Save your home loan modification help, avoid Short Sales Relief, Best Mortgage Foreclosure Lawyer video I’m Neil...

Written by

Filed under: Uncategorized · Tags: , , , ,

Leave a Reply

Connect with Facebook


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Not finding what you're looking for?
Do a custom search of our entire site:

Get Adobe Flash player