Monthly Archives: September 2009

Prepare to Put On a “Mini-Trial” If You Are Unhappy With Your Foreclosure Mediation

IT MAY MAKE SENSE TO DO IT RIGHT THE FIRST TIMEIf you are not happy with the outcome of your Nevada foreclosure mediation you can file a Petition for Judicial Review with the District Court. Petitions for judicial review from … Continue reading

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Nevada’s First Mediations Show Mixed Results

GREEN WASHING A FORECLOSED LAWN An article in the investment paper, Investors Business Daily states that the first four mediations showed mixed results: “In two cases, the loans were modified so that the borrower could stay in the home. One … Continue reading

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US home foreclosure mediation programs in jeopardy – report by NCLC

A slew of state and local home foreclosure mediation programs have enormous potential to help homeowners, but most suffer from lack of industry accountability, according to a study released on Wednesday. The nonprofit National Consumer Law Center, or NCLC, in … Continue reading

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More Mediators get ready to help homeowners and lenders in mediation program

Las Vegas Channel 4 Article reports that The Nevada Foreclosure Mediation Program is ready to get down to business in Northern Nevada after a small group of about 25 mediators were sworn in on Monday. This small group was added … Continue reading

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Kansas Supreme Court Rules Against MERS

The Kansas Supreme Court ruled in Landmark National Bank v. Kesler, 2009 Kan. LEXIS 834, that MERS, a company designated as nominee on millions of real estate security instruments, has no standing and can not initiate or maintain an action … Continue reading

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Study Shows Foreclosure Mediation Programs Need Repair

A consumer group reports that anti-foreclosure efforts have largely been a bust. Are nearly two dozen foreclosure mediation programs across the U.S. – including those in such struggling states as Florida, Michigan and California – actually delivering on promises to … Continue reading

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Another Study on Strategic Default- When Homeowners Run From Their Homes

IS FORECLOSURE PREVENTION USELESS? Experian and Oliver Wyman recently produced a topical report on strategic defaulters — borrowers who default on their mortgages only because the value of their home has declined well below their mortgage balance. Who is more … Continue reading

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Las Vegas Sun- Nevada’s top court considers rule changes on foreclosure mediation

Las Vegas Sun Article Here states that the Nevada Supreme Court is considering putting even more teeth into the mandatory mortgage mediation program by making it easier for the court to sanction lenders for failing to act in good faith.

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Foreclosure Mediation is Working in Florida

The word “horrifying” is not commonly found in reports from government task forces. Even when the subject is serious, the terminology tends to be sleep-inducing. Not when it comes to reporting from the frontlines of the foreclosure crisis. There are … Continue reading

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The Mortgage Assistance Information and Scam Prevention Act of 2009

Congresswoman Dina Titus (NV-D) and Congressman Dennis Cardoza (CA-D) introduced legislation today in the House of Representatives to help struggling homeowners receive valuable information that could help them avoid foreclosure. The Mortgage Assistance Information and Scam Prevention Act of 2009 … Continue reading

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