This law establishes a Foreclosure Mediation Program for owner-occupied residential properties that are subject to foreclosure notices – formally known as a Notice of Default and Election to Sell – filed on or after July 1, 2009.
Mediation is an alternative method to help parties resolve disputes by agreement with the help of trained mediators.
| First 97 Mediators Appointed For Foreclosure Mediation Program |
| Tuesday, 25 August 2009 12:48 | |||
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The Nevada Supreme Court has appointed the first 97 mediators for the Nevada Foreclosure Mediation Program – a major step that will set the stage for the scheduling of the first mediations The appointments came after the 97 attended sessions early in August and orientation sessions this week. The 97 include former Supreme Court Justice Deborah Agosti and former District Court judges Robert Gaston, Robert Estes, and Leonard Gang. Also on the list are current State Bar of Nevada President Kathy England and former Nevada Supreme Court Clerk Janette Bloom. Under Foreclosure Mediation Rules, once a homeowner and a lender submit documents and pay fees to initiate the mediation process, the case is assigned to a mediator who will schedule the actual mediation session. Verise Campbell, Foreclosure Mediation Program Manager, said that more than 60 cases are ready to be assigned and it is hoped that mediations will be scheduled within the next few weeks. To view the Supreme Court order and list of mediators, CLICK HERE.
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| Last Updated on Tuesday, 25 August 2009 12:50 |