Foreclosure mediation in Dane County
There are a few organizations in Dane County WI that help homeowners that are facing a foreclosure mediate a solution with their bank or lender. In fact, there is a structured mediation program available across the entire state that is designed to facilitate communication between borrowers and lenders, potentially leading to alternatives to foreclosure. Learn more on how to get mediation in Madison and Dane County WI if/when threatened with a foreclosure.
Details of Dane County Foreclosure Mediation Programs
Several organizations have partnered together to provide this option. They include the University of Wisconsin Law School clinic (dial 608-263-6283 or more details are here https://law.wisc.edu/eji/clc/) the state Department of Justice as well as the Wisconsin Foreclosure Mediation Network. NEWCAP community action in Madison also provides information on mortgage relief programs in WI. Another key partner is the Metro Milwaukee Mediation Services as well as Dane County Court of Clerks.
There are some conditions in order to participate, and one of the key requirements for participation in the mediation program is that the home must be owner-occupied. Another key criteria is that homeowners who are wishing to participate and take part in a session need to also agree to meet with a volunteer housing counselor prior to mediation. As the mediation services require that the struggling homeowner get back on track over the long term. The counselor will help ensure they have the skills and tools necessary to become self-sufficient with paying their mortgage in the future and keep up with future monthly payments.
For those in Dane County who are unfamiliar with mediation, it is a confidential dispute-resolution process that usually involves negotiation. A neutral third party (the mediator which can include a lawyer representing the homeowner) will help the lender and borrower reach some type of agreement that is a win-win for both parties. It will focus on the key issues in the case, and help people come up with some type of solution.
Mediation solutions in Dane County can be wide ranging. They may agree to a loan modification, forbearance, or some other type of mortgage solution. The mediator will be sure that both people exchange information and explore all options for some type of settlement.
A major sponsor and a key participant is the Wisconsin Foreclosure Mediation Network. As the programs in Dane County are based on this service. This is made up of a coalition of non-profit service providers, government agencies, and other community partners located throughout the state, all of whom are working to implement a coordinated response.
Contact information for Dane County mediation services when facing a foreclosure
As noted above, there are various organizations that will help homeowners. The Dane County Court has information or another key contact information is the law clinic at 608-263-6283 (address 975 Bascom Mall, Madison, WI 53706) or try Wisconsin Foreclosure Mediation Network (phone (877) 721-6262).
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