Do Foreclosure Mediation Programs Help?

The National Consumer Law Center has issued an important new report on foreclosure mediation programs across the country. The report notes that mediation programs have emerged as an increasingly attractive option, with 25 new programs launched in fourteen states from mid-2008 to mid-2009. State legislatures, state supreme courts, and local courts all played roles in creating these programs. Foreclosure mediations hold out the hope of removing major obstacles that have hindered efforts to slow the spread of the foreclosure epidemic. For state policies to prevent foreclosures.