Mediation is an effective tool for bringing foreclosure disputes to a resolution. Foreclosure occurs when a homeowner is unable to make mortgage payments and the lender threatens to take ownership of the home, forcing the homeowner to move out. The situation is not ideal for either party, but all too often the situation escalates to this point. Luckily, there might be another option.
Depending on the specific circumstances, mediation could offer an alternative to help you stop foreclosure proceedings in Florida. With the help of a skilled mediator, you and the lender can come together to discuss the details of your case and determine if there is a better way to address the situation than foreclosure. Mediation could help you extend the period of time you have to pay back your home loan, adjust interest rates to help make payments easier to make, or arrange a new payment plan that is manageable for you and acceptable for the lender.
Are you facing foreclosure? Are you struggling financially with no end in sight and you believe foreclosure threats could be on the horizon? Select Mediation, LLC can help. The Mediators at Select Mediation, LLC have assisted many Florida homeowners and their lenders in designing a new mortgage arrangement that stops foreclosure proceedings. To learn more or to schedule a consultation, contact Select Mediation, LLC at 321.269.6900 or by email at [email protected].