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Loan Modification

: Loan Modification & Home Loan News

Foreclosure mediations help, but borrowers must be realistic, attorney says

By Moe Bedard

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Foreclosure mediation can be beneficial for troubled borrowers, provided they go into it with realistic expectations, says Jerron Kelley, a foreclosure defense lawyer in Delray Beach. As of July 1, lenders and borrowers have to go through mediation before the lenders can ask judges to foreclose. The requirement, which comes from the Florida Supreme Court, [...]

Full post as published by Loan Modification & Home Loan News on August 17, 2010 (boomark / email).

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