Prefile Mediation Process Available For Some Facing Foreclosure

Effective October 1, 2012, Maryland legislation that allows for early mediation for some  Maryland homeowners who are in default on their mortgage but who have not yet entered foreclosure on their property may be available.  If the mortgagor partipates in the pretrial mediation they can not, under most circumstances, participate in postfile mediation, they must participate in housing counseling services as a precondition to participating, and must give notice within the prescribed period of their intent to participate.

For more information about the new foreclosure mediation options or to learn more about bankruptcy or debt rehabilitation options contact Mark Scurti at mscurti@pklaw.com or 410.938.8718 or go to www.pklaw/practice-areas/bankruptcy/.