Oregon foreclosure mediation program sees more cases

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Thursday, September 19, 2013

Oregon's expanded foreclosure mediation program is seeing many more cases than its predecessor.

In the first six weeks since the expansion took effect in August, the program has received 456 requests for face-to-face meetings between mortgage borrowers and lenders, the Department of Justice reported on Wednesday. Many of the requests came from banks as part of the foreclosure process.

In the six weeks after the program mediation program initially launched in July 2012, it received only one mediation case referred by a private lender, and only 286 in the entire 13 months it was in effect.

Read more at OregonLive.com.

 

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