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Has anyone gone through mediation?

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Stop Foreclosure and Tell Us Your Story Trying to stop foreclosure alone can be a painful and a depressing process. This section is where you can unite with other homeowners and let out your questions, frustrations and post your whole story. The more we know, the more we can help you stop foreclosure. No one will be judged or criticized for posting their story.

This is a discussion on Has anyone gone through mediation? within the Stop Foreclosure and Tell Us Your Story forums, part of the Foreclosure Forum category; Hi, I am from NJ and considering going through the NJ Forclosure mediation process. Has anyone else done this, and ...

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07-29-2009, 07:35 PM	#1 (permalink)
drea28 Member Join Date: Jul 2009 Posts: 24 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Has anyone gone through mediation? Hi, I am from NJ and considering going through the NJ Forclosure mediation process. Has anyone else done this, and if so, what was your expereince/outcome? I am trying to decide if I should go through the state or NACA. I have a loan that is $341K with $80K in fees and back payments/taxes to bring the balance to $420K. Home is worth approx. $275K (was appraised today) Original purchase price was $380K Interest rate is 9.675% ARM Term - 27 years left on a 30 yr. loan Servicer/Investor is ASC/Deutsche Bank Thanks, Andrea

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