The Foreclosure Mediation Program was established as a result of the Assembly Bill 149, passed during the 2009 session of the Nevada Legislature.Its purpose is to address the foreclosure crisis head-on and to help keep Nevada families in their homes.
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.
 
Nevada Supreme Court Amends Foreclosure Mediation Rules and Forms
Thursday, 08 October 2009 07:38

The Nevada Supreme Court has amended the rules governing the Nevada Foreclosure Mediation Program to address some operational issues in the innovative program created by the 2009 Legislature.

The Supreme Court also adopted new forms to facilitate participation in the mediation program.

The amended rules were filed Sept. 28 and effective immediately.  CLICK HERE to access the rules and forms from the Supreme Court website.

Prior to the rules being changed, the Supreme Court held a public hearing in Carson City, with a videoconference link to the Supreme Court’s Las Vegas courtroom at the Regional Justice Center, so persons at both ends of the state could comment.

The Supreme Court ordered the public hearing because it “is necessary to consider technical amendments to the rules and the proposed forms to be used in the implementation of the program.”  The Supreme Court adopted the original rules on June 30.

“Most rule changes are meant to clarify the process that homeowners and lenders must follow,” said Chief Justice James W. Hardesty.  “Some changes involve setting specific deadlines and others deal with documents and payments.”

The Foreclosure Mediation Program was created by the passage of Assembly Bill 140 shortly before the end of the by the 2009 legislative session.  The new law provides for mediations in foreclosure actions commenced on or after July 1, 2009, as a way to help homeowners keep from losing their houses.

A homeowner who receives a Notice of Default and Election to Sell after that date can request an opportunity to sit down with the lenders and a trained mediator and explore whether a mutually agreeable resolution can be reached.
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Last Updated on Thursday, 19 November 2009 13:51