Diane Thompson of the National Consumer Law Center made a point that has gone overlooked. She said that you can get much better compliance on loan modifications if you actually fund mediation programs and legal services attorneys. There are mandatory mediation programs up and running in Philadelphia and New York, and they have been far more successful in preventing foreclosures – by about 50%, according to Thompson. It’s just a matter of getting the servicers into these mediation programs instead of hoping they will initiate modifications on their own.
Diane Neumann speaks about the importance of marketing your mediation practice to your targeted audience.By Diane Neumann
JAMS ADR Blog by Chris PooleIn fall of 2020, Laura Abrahamson, Esq., FCIArb, transitioned from her role as in-house counsel at a large company, where she led a corporate litigation...By Laura Abrahamson