Nevada Public Radio Listen Live

"Morning Edition"
Facebook Twitter Follow Nevada Public Radio

Support Nevada Public Radio
KNPR's State of Nevada About SON Archives Participate Specials
TODAY
Gillespie On Bundy, Officer Shootings
Reno: News From The North
No Way Any Convention Is Coming To Las Vegas
Bundyfest: It Could Happen
RECENT
The HOA: Help Or Headache?
Is The Cosmopolitan Of Las Vegas For Sale?
Reno A Frontrunner For Tesla Plant
Reid Vs. Heller On Bundy Standoff
Lowden Embraces Changing Senate Elections
The State Of The Clark County School District
States Look At Marijuana Laws
Gut Feeling: What We Learned From The Hadza About Digestion
Missing Out On A High School Diploma
Las Vegas City Council Votes For Horse-Drawn Carriages
The Good Foods Of Lent
Utah Keeps 'Utes' As Mascot
Why Don't We Know Who's Behind the Kelly Cheating Scandal?
The Progressive Bluegrass Sounds Of The Infamous Stringdusters
Castro And Patrick Spar Over Immigration
Boycott Las Vegas Say Social Conservatives
How Safe Is Your Food?
Robert Coover And The Return Of The Brunists
Behind The Bundy Ranch Standoff
Can 'Serious' Reading Happen Online?
Lynne Jasames On Why 'It's Okay To Cry'
BASE Jumping: The Allure And The Danger

Banks Have to Follow the Rules
Banks Have to Follow the Rules

Listen
AIR DATE: July 14, 2011

The Nevada Supreme Court ruled last week that the banks actually do have to follow the rules of the Foreclosure Mediation Program. In particular, they have to prove they are the legal owner of the mortgage and they have to participate in good faith in the prescribed mediation. So what do the three rulings mean for the program and what will they mean for homeowners still trying to hold on to their homes?
 
GUESTS
Michael Joe, attorney, Legal Aid Center of Southern Nevada
Bill Uffelman, Exec Dir, Nevada Bankers' Association

LINKS
comments powered by Disqus
COMMENTS:
(Continued) and leave with feelings that the lender's representative took steps to lessen the potential benefits provided by the State of Nevada for homeowners. We believe the answer for this is extensive research and making sure someone on your side of the table knows the "Rules" to provide you with, at least, the level of represenation the lender's representative is providing. Researching an industry new to you is no easy task and can be compounded exponentially when experiencing financial hardship but it can make a difference that is evident monthly for 30 years.
Falcon Credit ManagementJul 12, 2011 11:24:27 AM
We have 1 of the 14 Covered Service Providers Licenses in NV for representing homeowners in the "Mediation Program". I would like to comment on something that I feel could have been explained in more detail during this morning's program on the "Mediation Program". I believe we were the 1st licensee to be awarded sanctions against a lender by Judge Moseley in late 2009 for incomplete documentation. Documentation requirements have existed since the beginning of the "Mediation Program" as is documented in our free informational video series posted in 2009 on Youtube and our company website. In this series we reccomend going to mediation with a checklist of the rules for yourself and the Mediator if you choose not to have professional representation. It is our opinion that the "Amendments" have eased the burden of enforcing the "Mediation Rules". A caller mentioned his belief that the "Mediation Program" was used by lenders to, among other things, exhaust homeowners. It is very possible to go to "Mediation" without quality licensed represenation (we provide a list of the 14 current licensees and 36 terminated licensees with additional information at our website)
Damian FalconeJul 12, 2011 11:13:32 AM
© 2013 NEVADA PUBLIC RADIO   
Web hosting facilities provided by Switch.