Louisville-Area Court System To Begin Foreclosure Conciliation Project

In Louisville, Kentucky, WFPL Radio 89.3 FM reports:

• Some Jefferson County judges are teaming up with non-profits to help Louisvillians who are faced with foreclosure. Circuit Court Chief Judge Jim Shake says many times homeowners who are dealing with foreclosure are contacted with a lot of scam offers and are afraid to communicate with their lender.

• Shake says under the new Foreclosure Conciliation Project, circuit court judges will require lenders to have a meeting with homeowners before selling their house. He says many of those meetings result in another option being found, but it doesn’t work for everyone.

For the story, see Judges, Non-Profits Offer Foreclosure Help.