Foreclosure Mediation Take 2?
I am grateful to Paul Kirgis (in this post) for restarting the discussion on foreclosure mediation—it is useful to keep revisiting what is working and what is not.
The New York Times article he cites is interesting in a number of ways. First, as Paul notes, it confuses the process of mediation with the underlying applicable law. Mediation—voluntary as in our program or mandatory as in Nevada—occurs in the shadow of HAMP and other regulations and financial realities governing the ability of the parties to make loan modifications.
Second, the article highlights some of the issues with mandatory mediation where, it appears, there are a whole bunch of lenders showing up with little interest, or even ability, to modify the mortgages.


The area on the second floor of Eckstein Hall, running west to east from the elevators to the dean’s office, is the Huiras Lounge. It honors the extraordinary support that Ralph J. Huiras, L’41, gave to the building project — indeed, even though he made substantial gifts within the past decade to improve Sensenbrenner Hall, Ralph was, along with University Architect Tom Ganey, the earliest proponent of an entirely new home for Marquette Law School. Ralph felt especially strongly concerning the school, perhaps because it was his father’s alma mater as well: Peter M. Huiras graduated from Marquette’s law school in 1918, the same week that Ralph was born. The Huiras Lounge thus perpetuates Peter Huiras’s memory as well. There is much more that could be said concerning Ralph, who passed away this past weekend. Some of it has been said on past occasions, such as in