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Nearly $300,000 awarded for foreclosure education
by Tribune Staff
Oct 25, 2010 | 586 views | 0 0 comments | 5 5 recommendations | email to a friend | print
CARSON CITY — The Nevada Foreclosure Mediation Program has awarded nearly $300,000 in grant funding for five projects aimed at educating homeowners about their opportunity to meet with lenders in mediation to discuss alternatives to foreclosure, according to a release sent Friday.

The five projects, receiving a total of $299,795, will provide one-on-one counseling, develop statewide curriculum and provide specialized training for homeowner attorneys.

“These grants will increase awareness of the opportunities available only though the Nevada Foreclosure Mediation Program,” program administrator Verise V. Campbell said. “It is our hope that we can bring together more homeowners and lenders in face-to-face mediations and further reduce foreclosures in the state.”

The Nevada Foreclosure Mediation Program was established by the 2009 Nevada Legislature to directly address the state’s foreclosure crisis and to help keep families in their homes. It is funded entirely through filing and user fees. Grant funding was generated from fees collected from the filing of notices of default statewide.

The main purpose of the program is to provide mediation for homeowners and lenders to discuss alternatives to foreclosure. Only owner-occupied primary residences in Nevada are eligible for the program. During mediation, the lender must have the authority to modify a loan or negotiate other options.

Projects to be funded include:

• Legal Aid Center of Southern Nevada’s Foreclosure Class Curriculum — $49,250

• Washoe Senior Law Center’s foreclosure education video — $31,185

• Consumer Credit Counseling’s statewide homeowner counseling — $67,680

• Legal Aid Center of Southern Nevada’s Ask an Attorney — $76,680

• Nevada Legal Services’ Homeowner/Homeowner Attorney Education — $75,000

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