Foreclosure mediation in Lehigh County/Valley

A local Judge in Lehigh County and The Community Action Committee (CAC) of the Lehigh Valley came up with a plan to try to slow down or stop the increase number of foreclosures. It involves mediation between the homeowner and the lender.

After a mortgage foreclosure case is filed in Lehigh County, the CAC immediately sends out a notice to both the lender and the homeowner allowing the defendant to request a conference that will include a mediation session.

The goal of this is to ensure that a face to face meeting between the lender and the defaulted homeowner occurs, with a goal of trying to come up with a solution for both parties. Ideally the homeowners won’t lose their home, and the bank won’t be burdened with yet another bad mortgage.

Outcome of Lehigh County foreclosure mediation

Hopefully the the parties can come up with a new or modified loan with a lower interest rate, extended payment terms, or maybe a lower monthly payment so the homeowner can make a rebound in due time as the fact is that a foreclosure doesn’t benefit anybody. The overall goal of any mediation program is to come up with a solution that works for both the homeowner and the lender. Both parties should benefit. Click here to learn more about foreclosure mediation.

Currently about 75 foreclosure mediation sessions are occurring per month, so there is an enormous demand for this service. Call the agency at phone (610) 691-5620.