Milwaukee Moves Towards Establishing Foreclosure Mediation Program

In Milwaukee, Wisconsin, the Milwaukee Journal Sentinel reports:

• Plans are in progress for a foreclosure mediation program to help Milwaukee residents keep their homes, Mayor Tom Barrett announced today. In his "state of the city" address, Barrett pledged $100,000 of city money toward the program, which he estimates will cost a total of $300,000 or $400,000.

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• The goal of a mediation program would be to head off foreclosures before homeowners are forced out of their houses, Barrett said. It would provide a way for property owners to sit down with mortgage company representatives to work out their problems near the beginning of the foreclosure process, he said.

• Barrett, Gov. Jim Doyle and others have been voicing support for mediation for several months. [...] The Milwaukee program would likely be spearheaded by the Legal Aid Society [of Milwaukee] and others in the legal community, Barrett said.

For more, see Barrett moves forward on foreclosure mediation program.