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: CL&P BlogThe Philadelphia Plan
By Alan White
Philadelphia's county court has combined a 3-month moratorium on selected foreclosures with an intensive counseling and mediation program, in order to prevent unnecessary foreclosure sales. Owner-occupants with pending sheriff's sales must first go to free counseling. If that does not produce a workout, the homeowner is assigned an advocate and attends a court-supervised mediation with the mortgage servicer's attorney. The Residential Mortgage Foreclosure Diversion Pilot could serve as a model for other courts clogged with foreclosure cases. Details in the Inquirer story.
Full post as published by CL&P Blog on June 11, 2008 (boomark / email).
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