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:
WHERE DO WE SEND THE MONEY FOR THE MEDIATION?
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