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.

If you want to learn more about loan modification through Nevada’s Foreclosure Mediation Program, please contact us for a free foreclosure consultation.

Click here to read more posts on our blog on the topics of loan modification and foreclosure mediation.

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