Mortgage Foreclosure Mediation Program

The Mortgage Foreclosure Mediation Program is a process designed to help homeowners facing foreclosure negotiate with their lenders. It provides a structured setting where both parties can discuss possible solutions, such as loan modifications or repayment plans, often with the assistance of a neutral mediator. This program aims to prevent foreclosure by facilitating communication, helping homeowners stay in their homes while addressing their financial challenges. It is typically offered by state or local governments to support individuals struggling with mortgage payments.