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Foreclosure mediation programs Iowa.

The state of Iowa created a program in 2007 that allows homeowners to mediation with their foreclosure lender. Homeowners who request mediation will be put in contact with Iowa Mediation Services (IMS) if they are behind on their mortgage payments or facing a foreclosure. This organization has worked with the state Attorney General’s Office to provide foreclosure mediation services for Iowa families who are struggling with their mortgage or who are facing a foreclosure. Iowa Mediation Services collaborated with the state’s Attorney General’s Office to set up the Iowa foreclosure mediation program.

The program will allow people who have mortgage, refinancing, and foreclosure concerns to request mediation services from lenders and banks. The Iowa Mediation Service is an organization that helps people resolve disputes without going to court. It was founded in 1985. They have offices in several cities in Iowa, including West Des Moines, Creston, Spencer, Mason City, and Cedar Rapids.

Mediation is a process in which the various parties, including the lender and the homeowner, will meet with a neutral third party mediator. Together they will try to come up with a solution that is beneficial for both parties to the foreclosure filing or to the mortgage problem. This arrangement will be beneficial for both the lender and the homeowner. The mediation process is voluntary and open to all borrowers and lenders. The program is not mandatory. There are other programs available if you are looking for a mortgage.

The resources you have are very plentiful. Iowa Mediation Services provides services such as conflict resolution and communication assistance to homeowners throughout the state. IMS will work with you and your lender to find a long-term solution to your housing situation. The state of Iowa offers assistance to homeowners who are struggling to make their mortgage payments or who are at risk of foreclosure. If you think that you can’t afford new higher payments on your loan when an adjustable rate moves up, you should reach out for assistance.

The goal of the foreclosure mediation process is to work together to find a solution that works for everyone involved, rather than placing blame on any one party. IMS may contact your loan servicer on your behalf to help resolve any issues you are having. Many borrowers are surprised to learn that their loan servicer, bank, or lender is also eager to resolve mortgage issues and find a solution that works for all parties.

The Iowa Mediation Service will review your situation and, if a loan modification might be the best solution that works for both the lender and the borrower, they will take information from borrowers and explore that option.

If you want to learn more about the Iowa Foreclosure Mediation Program, you can contact Iowa Mediation Service at 515.331.8081.

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