The Nevada Supreme Court has recently revised the rules that created and governed the troubled state's foreclosure mediation program. The new rules, which go into effect March 1, 2011, are intended "to clarify and streamline the processes" of the program in order to help more borrowers facing foreclosure. One of the rules created with regard to the foreclosure mediation program is the rule giving judges the ability to modify mortgages if the lenders do not comply with mediation program guidelines.
Among the other foreclosure mediation rule changes are: an expansion of time, from 15 to 30 days, for a party to file a petition for judicial review after receiving a mediators statement after mediation, allowing homeowners to send someone to represent them during the mediation process as long as they are Nevada attorney's or qualified under Nevada law, the creation of an advisory committee to make recommendations to the Nevada Supreme Court regarding the mediation program, as well as a clarification of many of the foreclosure mediation forms used by the program.
Nevada Supreme Court Chief Justice Michael L. Douglas stated that periodic rule changes "have always been anticipated" and that the "intent is to ensure that the program works for those who need and use it-both homeowners and lenders." Lets hope the Florida Supreme Court takes the same view when dealing with the issues that have plagued the Florida Mediation Program. If you are facing a Florida Foreclosure Lawsuit and are considering or pursuing mediation as a foreclosure alternative, contact a Jacksonville Foreclosure Defense Lawyer or a Florida Foreclosure Defense Lawyer today.
