Foreclosure can be a frightening and unpredictable experience. In many cases, the best way to deal with the potential for mortgage foreclosure in Boca Raton, FL is to take the matter to mediation. What is the benefit of turning to mediation when foreclosure seems imminent?

Mediation is overseen by a neutral third-party – the mediator – who works with the homeowner and the mortgage lender to find a solution that satisfies both parties. The process is voluntary and if either party is not happy with any of the potential resolutions they are not forced to abide by any rulings. The mediator is there to facilitate communication and help the lender and borrower explore their options – not to levy a judgment or ruling. Ideally, the homeowner gets to keep his or her home while still meeting obligations related to the mortgage.

Research shows that mortgage mediation is often successful because it provides a forum in which the homeowner and lender can negotiate and communicate about the situation. Lenders are more willing now than ever before to explore flexible options because of the crisis many homeowners face. It is in everyone’s best interest to find a resolution that allows a homeowner to remain in his or her home in Boca Raton, FL.

The process of mortgage mediation offers a number of benefits, including:

  • Providing a cost-effective and efficient means by which to resolve mortgage problems
  • Offering a private and confidential way to resolve matters related to past due mortgages
  • Allowing for a legal remedy without dragging the matter into the courtroom
  • Offering homeowners a way to remain in their homes without filing for bankruptcy or taking other drastic measures that can create long-term damage
  • Providing an informal opportunity for those involved in a potential foreclosure to discuss their options and create a unique and customized solution for the situation
  • Allows a resolution to be achieved in just a few hours

Facing potential foreclosure is scary, but you have options. Dealing with mortgage lenders can be complicated and intimidating, but mediation can bring those with an interest in a mortgage together to discuss their options. There is no need to feel desperate or to make a foolish move because you believe there is no other way. If you are involved in a potential foreclosure in Boca Raton, FL, Nathan Schwartz can help.

Nathan is an experienced foreclosure mediator who offers a customized perspective on common issues that arise in the mortgage industry. His goal is to help you resolve issues related to your mortgage through the amicable and cooperative process of mediation. Nathan has been a member of the Florida and DC Bars since 1986 and has participated in hundreds of mediation as an advocate. He knows how beneficial it can be to resolve foreclosure disputes outside of the courtroom and he understands how much mediation has helped Florida homeowners in the last several years since the housing market experienced so many problems.

For more information or to discuss the possibility of mediating your potential foreclosure in Boca Raton, FL, contact Nathan at 855-973-4835.