Can Mediation Help Fix the Foreclosure Crisis?
by Elise Craig
In the discuss over how to repair the housing crisis, consumer advocates say lenders and servicers aren’t you do sufficient to help homeowners struggling to save their homes. Banks opposite that they’re you do as much as they can – but they can’t save every house.
Now comes another front in the fight: mediation. A inform expelled Monday by the Center for American Progress, a think-tank with tighten ties to the Obama Administration, argues that mediation could go a long way toward assisting homeowners stay in their home – and by extension, toward mitigating the mercantile repairs from waves of foreclosures. Making intervention a imperative step before foreclosure would be a improved pierce still, the authors argue.
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Written on June 23, 2009 | Posted in Money & Politics | Leave a comment
