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Foreclosure Mediation An Overview. Presentation at New America Foundation Dec. 21, 2010 Alon Cohen. americanprogress.org. Mediation. You Don’t Have To Settle. Mandatory Mediation “It's Time We Talked” - June 2009 Automatic Mediation “Now We're Talking” - July 2010. Last, Best Chance.
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Foreclosure MediationAn Overview Presentation at New America FoundationDec. 21, 2010 Alon Cohen americanprogress.org
Mandatory Mediation “It's Time We Talked” - June 2009 Automatic Mediation “Now We're Talking” - July 2010
… It Benefits All Sides • Homeowners • Lenders/Investors • Neighbors/Taxpayers
… It Is A Failsafe • Appeal HAMP • Revive Certainty after Robo-signing, MERS, etc.
.. It Works 74% Settle (60/15) 2.2 Sessions 90 Days
Foreclosure Is A State Process • 2009 – 11 States* • 2010 – 22 States* and DC
State Best Practices “It's Time We Talked” - June 2009 “Now We're Talking” - July 2010 “Walk the Talk” - Nov. 2010
Federal Support Congress Treasury & HUD FHA FHFA/FNMA/FHLMC
Foreclosure MediationAn Overview Presentation at New America FoundationDec. 21, 2010 americanprogress.org