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Foreclosure Mediation Program Set To Stop Accepting New Mediations

11/9/2016 11:10:00 AM

The State of Nevada Foreclosure Mediation Program (FMP) is coming to a close. The last date the FMP will accept recorded Notices of Default is Nov. 30, 2016. Also, the FMP will no longer accept mediation enrollments after Dec. 31, 2016.

In 2015, the Nevada Legislature repealed the FMP ending the program on June 30, 2017. The Nevada Supreme Court issued an order in ADKT 0435 on Sept. 26, 2016 providing for the last date to accept mediation enrollments. Also that order determined all mediations must be completed by April 30, 2017.

β€œIn the last seven years, the FMP has helped thousands of homeowners during the foreclosure crisis,” said Robin Sweet, State Court Administrator.

The FMP allows homeowners to meet with a lender before a foreclosure action. The Nevada Legislature established the FMP in 2009 to help address the foreclosure crisis.