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Five Big City Mayors Urge States To Pass Philadelphia-Based Mediation Model To Stem Foreclosures

By r morris

Reuters reports:Mayors from five U.S. cities called on Thursday for states to pass laws that would require mortgage lenders to negotiate with borrowers who are threatened with foreclosure. The mayors of New York City, Los Angeles, Miami, St. Louis and Oakland, California, said mandatory mediation offers the best hope of stemming a national foreclosure crisis that led to an 18 percent surge in

Full post as published by The Home Equity Theft Reporter on June 14, 2009 (boomark / email).