The DC mayor, Adrian Fenty has just signed an amendment to the District of Columbia Official Code. Among these changes is a requirement that all foreclosure procedures include a very specifically worded 'foreclosure mediation' process. This mediation between bank and homeowner MUST be observed before any foreclosure can proceed. Failure to do so, according to the statute, is grounds for voiding the foreclosure. The steps in this mediation procedure include completing a number of forms to get into the mediation, and payment of a $50 fee. If you have questions, you should contact an attorney and/or your lender. If you cannot afford an attorney, call Legal Aid for advice.
Good luck and a very happy Thanksgiving!
Peter
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment