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.

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.

Currently about 75 foreclosure mediation sessions are occurring per month, so there is an enormous demand for this service.