With a terrific training session last week for our new volunteer attorney-mediators, I am pleased to report that the Milwaukee Foreclosure Mediation Program is moving forward. You can link here for the website giving the background details (including generous funding by the city and state — see the announcement by the Dean here) and our training materials. After the training, I have a better idea of how we reached this crisis (with 7500 homes in Milwaukee in foreclosure) and what options might exist for working this out.
I don’t expect that all of these cases will magically work out (and some are absolutely ripe for litigation). At the same time, I am optimistic that this program can help people save their homes. We will start mediating cases soon and will be tracking not only our immediate settlement rate, but whether people are in their homes six months, twelve months, and twenty-four months down the road.