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Xaver Koch

United Kingdom

Member since March 15, 2013

  • Law_scale_background

    Denha & Associates, PLLC Faced with the potential of foreclosure, many homeowners are turning to legal mediation. Ever since the housing crisis of 2007, homeowners across the nation have lived with the reality that foreclosure is more prevalent now than ever before. Even as the market makes tenuous strides toward recovery, many homeowners remain afraid that an inability to make payments will result in the loss of their cherished property. As you may know, there are legal alternatives to foreclosure, some of which might enable homeowners to reach more satisfying solutions that do not entail the loss of their home. One such alternative to foreclosure is that of a legal mediation—which may or may not prove effective, depending on the specific situation the homeowner faces.

    Legal mediation comes with noble intentions—namely to put borrowers, lenders and an impartial third party in the same room to negotiate a way to help owners keep their homes– or get out of them as painlessly as possible. Mediation can be extremely promising even if it does not result in positive action for each and every client.

    While the success of a mediation attempt is somewhat dependent on local regulations and access to legal counsel, there are further steps that a homeowner can take to improve his or her chances of a positive outcome. Being well equipped with the proper documentation and understanding of the mediation process will only help assist the homeowner ...