10% of Nevada Homeowners Taking Advantage of Nevada’s Loan Modification Program
If you’re a Las Vegas homeowner facing foreclosure and you’ve thought about seeking loan modification help through the Nevada Foreclosure Mediation Program, you’re not alone.
Approximately 10% of Nevada homeowners have applied for a foreclosure mediation session since July 1, 2009 according to data from the state program as reported in the Reno Gazette Journal.
Since July 1 when the Nevada Foreclosure Mediation Program started:
- 3,900 foreclosure mediation requests have been received
- 1,821 of those have been assigned a mediator
- 877 foreclosure mediation cases have been heard since September 14, 2009
Is this going to single-handedly solve Nevada’s foreclosure crisis? Maybe not, but it’s a start.
Can it help individual homeowners address their own personal forelcosure crisis? Absolutely.
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