If you have received a Notice of Default from your lender- don’t delay, act now before you lose your home! In Nevada, you have the right to sit down with your lender face-to-face to discuss your options- it’s called Foreclosure Mediation. This alternative method of resolving disputes is intended to help you stay in your home. With the help of trained mediators, the parties sit down to discuss various options, including loan modification, short sale and deed in lieu of foreclosure. Participating in mediation has many advantages. It is fast, less expensive than formal litigation, and provides a flexibility that the formal court processes do not offer. In addition, if your lender does not produce all the documents required by the Nevada Foreclosure Mediation Program, the lender will not be allowed to foreclose on your home. This means that mediation could buy you more time to remain in your home.
Don’t go to mediation without an attorney. At the mediation, your lender will send a representative (usually an attorney) to represent its interest. You will need someone who knows the rules of Foreclosure Mediation who will fight for you. In addition, we can help you prepare the documents required by the program to ensure that you get the best result possible. Our team of professionals have successfully helped hundreds of homeowners with loan modifications, short sales and other foreclosure alternatives. Let our experience work for you.
Under Nevada law, the State of Nevada Foreclosure Mediation Program is open to homeowners of owner-occupied houses who receive a foreclosure notice, formally titled Notice of Default (or Breach) and Election to Sell. Homeowners of owner-occupied houses have 30 days after being served with a foreclosure notice to elect to participate in mediation. If you have received this notice call us today!
2015 New Federal Mediation Program!
Effective January 1, 2015 the Federal Bankruptcy Courts now offer a Mortgage Modification Mediation (MMM) Program. Our office is now ready to assist clients with this new process.
Finally, time restrictions, clarity and accountability are guaranteed for your loan modification. This program applies to all bankruptcy Chapter 13 and all types of real property, commercial and residential. MMM has streamlined the modification process to reduce costs, save time, and make it easier for the parties to facilitate a loan modification.
If you are interested in this program, Call us today to schedule your free consultation! This new program may finally help you get the loan modification you deserve!