Banks Have to Follow the Rules
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?
Michael Joe, attorney, Legal Aid Center of Southern Nevada
Bill Uffelman, Exec Dir, Nevada Bankers' Association