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December 14, 2011

Nevada Foreclosure Mediation Program

The Nevada Foreclosure Mediation Program is worth investigating if you're a homeowner and resident of the state and in need of foreclosure prevention assistance. Thus far, this program has helped nearly 8,000 property owners avoid foreclosure through loan modification, mortgage refinance, and foreclosure alternatives.

To take advantage of the Nevada Foreclosure Mediation Program requires homeowners to be proactive the moment they receive a Notice of Default from their bank. This program requires homeowners to remit an application within 30 days from the date they receive the notice.

The cost to participate in this program is $200. This covers the cost of mediation services and can expedite the approval process. Anyone who has attempted to work with their lender to stop foreclosure knows how challenging it can be to talk to a helpful person. Using mediation services forces lenders to engage in conversation to resolve the issue.

Real Estate Investing article on "Nevada Foreclosure Mediation Program "

December 06, 2011

Nevada Foreclosure Mediation Program

The Nevada Foreclosure Mediation Program has been helping homeowners prevent foreclosure since 2009. The program lets homeowners request mediation services within 30 days of receiving a notice of default from their lender. They must submit required documents, along with the $200 fee and a written proposal to resolve the foreclosure.

Rules of the Nevada Foreclosure Mediation Program require mediations to occur within 135 days of homeowners' written request. Lenders are also required to submit specific documents to the mediator and homeowner. These include an original or certified copy of the mortgage note and deed of trust.

Real Estate Investing article on "Nevada Foreclosure Mediation Program "