Courts Mediate Foreclosures

Local courts around the country are implementing mediation programs in order to reduce foreclosure sales and encourage negotiated workouts.  The Philadelphia program  (photos here) is one of the most ambitious, enlisting the aid of hundreds of counselors and volunteer lawyers and mediators.   Senator Spector presided at an October 24 hearing (link to witness testimony) at which participants described some of their successes, as well as the need for more resources for counselors and legal services and volunteer lawyers.  Programs have also been established in Seminole County Florida (click here for the court's order).  The state court systems of Ohio, Connecticut, and New Jersey have also adopted foreclosure mediation programs. These initiatives are certainly deserving of a modest slice of the federal government's bailout money.