Assistance Program

Connecticut provides a foreclosure mediation assistance program.

In Connecticut, homeowners in foreclosure must now participate in a mandatory mediation program. Homeowners who are behind on their mortgage can get help, regardless of their income. The Connecticut judicial branch provides a mediation program for homeowners who receive a foreclosure notice.

The homeowner and lender will need to work together to try to find an alternative to the foreclosure process. A specialist from a different company will be hired to do this. Mediators help people who are going to court to try to settle their case without going to trial. Some common questions people have are: -How do I get started with learning programming? -What are some good resources for learning programming? -What are some common programming languages? -What are some common programming concepts?

What is the Connecticut Foreclosure Mediation Program?

The Foreclosure Mediation Program in Connecticut is designed to help homeowners who are at risk of foreclosure on their one-to-four family homes. The program is open to any homeowner whose home is their primary residence and is facing foreclosure. Both the location of the house and the residency of the homeowner must be in the state of Connecticut. The homeowner will meet with the lender or bank, as well as an independent mediator, to try to come to an agreement that will allow them to keep their home.

What exactly is mediation?

In mediation, a neutral third party will help the lender and homeowner reach a agreement that is fair and voluntary. The mediator’s job is to help the parties communicate and reach an agreement, not to make decisions for them or tell them what to do.

How do I qualify for the Connecticut foreclosure mediation?

There are some requirements that must be met. The home being foreclosed on must be the primary residence of the homeowner, and the homeowner must be the mortgage holder/borrower. The program is designed to be inclusive, with few restrictions and widely available mediation. If you are sent a foreclosure notice, you can ask your lender or the court for access to mediation.

Who are the Mediators?

They are representatives who work independently from the state. The foreclosure mediators who help are employees of the Judicial Branch who are trained in both foreclosure law and mediation. Additionally, the independent mediators are aware of all the different community-based resources and mortgage assistance programs that borrowers can take advantage of.

The program is going well. As of now. Almost 60 percent of those who have participated in the voluntary program have been able to keep their homes, and supporters of the program contend that even more distressed mortgage holders and those who are struggling the most will benefit from being forced into mediation. The mediators have worked with 1,300 borrowers who have saved their homes from foreclosure and have been allowed to stay in their homes. Only about 317 have lost their properties to date.

If homeowners receive a foreclosure notice, they have the right to request a mediation. What you are entitled to is called a ‘good faith estimate.’ This document will itemize the estimated closing costs associated with your mortgage loan. Speak to your bank or mortgage servicer to learn more.

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