The End of Foreclosure Mediation

Delaware County homeowners are going to be greatly impacted by the discontinuance of the Delaware County Common Pleas Court’s Foreclosure Mediation Program.  Effective January 1, 2013, the program will no longer be offered for new foreclosure cases.  Mediation will still be offered for cases filed on or before December 31, 2012.  And cases already referred to mediation will continue until the mediation has concluded.

For nearly four years the Delaware County Common Pleas Court has offered a Foreclosure Mediation Program.  The program was started in response to the Supreme Court of Ohio’s “Save the Dream” initiative.  The goal was to give homeowners an opportunity to try and work things out with the lender.

Under the program homeowners were provided with a packet they could easily fill out to request mediation.  They did not need an attorney to complete the packet.  The Court freely granted requests for mediation.  And there was little to no cost to the homeowner.

Like most imposed mediation programs the success is going to vary.  Homeowner’s still needed to be in a financial position to make payments.  Lenders needed to be willing to try.  And both parties needed to compromise.

With the end of the Foreclosure Mediation Program the foreclosure process will move much faster.  Homeowners will need to act quickly if they wish to remain in their homes.  They will no longer be able to file a quick motion and gain an extra 30 to 60 days in their home.  They will also lose opportunities to investigate modification options that typically came out of the mediation process.  The end of foreclosure mediation in Delaware County will have a big impact on homeowners.

Speak Your Mind