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Court seeks volunteers for committee on foreclosure mediation
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LAS VEGAS REVIEW-JOURNAL
The Nevada Supreme Court's continuing efforts to improve the Foreclosure Mediation Program has led justices to establish an advisory committee to evaluate its "effectiveness, operation, policies and practices."
The high court has asked the all-volunteer committee to review the program's rules and research other state and federal foreclosure programs before making formal recommendations on how best to attack the housing crisis in Nevada, among the worst in the nation.
The application deadline is 5 p.m. Monday. Application forms are at www.foreclosuremediationnv.org.
The 14 members will be appointed to a 12-month term with the option of a second year. The justices are looking for people with specific skills or knowledge, such as current mediators; people who work for title companies or serve as a trustee on deeds; residential mortgage lenders; people who have been through the program; attorneys; and licensed real estate agents.
Justices are looking for two people in each category plus someone with management skills to serve as the chairperson.
Meetings will be every two months, or more frequently if the committee decides that is necessary.
For additional information, call 702-486-9386.
Contact Doug McMurdo at dmcmurdo@reviewjournal.com or 702-224-5512.
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Nevada Housing Dept recently received MILLIONS of dollars. How about they volunteer?
I recently had the personal pleasrure of utilizing the Nevada Foreclosure Mediation Program Several words I use to describe this program are scam and farce.The State mediator prefaced the meeting by stating her role was to arrange for the parties to meet and proceeded to sit back a fill envelopes.I was mistakenly under the impression she would act as a mediator and provide input.For $200 I could have arranged my own meeting.
The housing dillema can be fixed by the fed rescinding any intention of elliminating the morgage interest deduction; adding a deduction for princible; and preventing financial institutions from being able to sell or rent forclosed properties for a period of say five years. If these practices were implimented, housing appreciation would begin allmost immediatly, allowing all the innocent victoms recourse and justice.
Typical of the FMP..... There is a problem to be addressed so lets appoint a committee in 2 days. Announcing that people have 2 days to join the committee is simply ludicrous.