Kristen RemingtonChannel 2 News
One in four homes in Nevada is in distress; foreclosure is imminent. If you elect to go through mediation, it might not only buy you some time, it could also lead to a compromise with your bank.
Verise Campbell launched the Foreclosure Mediation Program, which the 2009 Nevada Legislature created. If a homeowner receives a Notice of Default, they have the option of using a mediator to negotiate with their bank. Campbell says since the program's inception exactly one year ago, some 9,000 Nevadans have gone through it. She even touted an 85% success rate, including home loan modifications.
If you would like to learn more about how the Foreclosure Mediation Program might be able to help you, call (702) 486-9386 or email ayanez@nvcourts.nv.gov. You can also visit www.nevadajudiciary.us.
