by Marvin Schuldiner | Mar 3, 2009 | Commercial Mediation, Lawsuits
In January 2009, the New Jersey state government and courts implemented a foreclosure mediation program to help both homeowners and banks resolve outstanding balances on home mortgages. A homeowner can ask the court to be entered into the voluntary mediation program...
by Marvin Schuldiner | Feb 16, 2008 | Commercial Mediation
I have talked previously about how useful mediation can be if you’re facing foreclosure of your home. With the crisis in the mortgage market and the downturn in the value of homes, many banks do not want to foreclose on properties as they may not be able to sell...
by Marvin Schuldiner | Dec 28, 2007 | Commercial Mediation
The recent crisis in the mortgage industry has resulted in an increase of loan defaults and foreclosures. This stems from the fact that many homeowners took out loans with low interest rates, but for short terms with a balloon payment to be re-financed. As those...
