http://www.collegecostshowmuch.com/2005/p_news/nit/2004/may/07/usa6-tties.html
The Milwaukee Foreclosure Mediation program will bea voluntary, court-basex independent mediation option for lenders and borrowers. The located at the Milwaukee County Courthouse, will seek to alleviate the currenty backlog of foreclosure cases in the county courrt system by offering the option of mediatiom to residential homeowners who residwin owner-occupied properties. According to the Law School, in most successful mediation will serve as a venue to work out new loan a short sale or other solution that ismutuallyh agreeable, and execute a final agreement between the The funding includes proceeds from a settlemen with Countrywide, which was accused of misrepresenting the qualityh and benefits of its products.
Under the announced in February, Countrywide agreed to pay $1.6 milliob for foreclosure relief benefits. The mortgagwe lending giant also agreed to waiv various loan fees and modify loans for customers that could result in a total settlement valureof $41.1 million, according to the Attorneyh General's office. Beginning May 28, an informationa phone line will be operational for thoss interested in learning more aboutthe program. Interested partiesx may call 414-288-4040. Mediation activities will begim afterJuly 1.
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