Support From the Dept. of Justice

In a report just released, the US Dept. of Justice has recommended more in depth study and analysis in support of mediation programs designed to help homeowners avoid foreclosure. This type of program has in recent months become more common as a way of getting lenders and homeowners together in an attempt to help the homeowner avoid foreclosure, while still allowing the lender to maintain a viable earning asset on its books. As some of these programs haven't been as successful as originally hoped, the DOJ undertook the study to determine if there were things that could be done to make them more successful. The study does that, and supports the idea of mediation.