I read an article in the New York times that gave me a little bit of hope for what is one of the more troubling aspects of the foreclosure process. As someone who is in the business of placing people in homes, it has been a sad last few years watching the foreclosure crisis push people out. Regardless of who was more at fault many homeowners are suffering through very tough times trying desperately to remain in their homes. Philadelphia has adopted a model that forces the homeowner and an agent for the lender to meet face to face for a mediation or the court system will not allow the Sherriff to evict the homeowner. As one lawyer says in the article “It’s arbitrary and unpredictable,” he said, “but it’s better than what anybody else is doing.” While this system is not perfect at least they are trying to do something different.
Read full NY Times article. CLICK HERE
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