Nevada: The Foreclosure Mediation Program
Josh Talayka | March 25, 2010
If you are facing foreclosure on your home in Nevada and a notice of default has been filed on your home, you may be able to get help through The Foreclosure Mediation Program (FMP).
The Foreclosure Mediation Program was established as a result of Assembly Bill 149. The program is a process where a neutral third party (the mediator), the homeowner(s) and Lender attempt to negotiate an alternative to foreclosure. The program is only available on homes that are owner-occupied. However, if you do elect to participate in the mediation program, participation by your lender is mandatory.