The article below appeared in the St. Louis Beacon on August 14. It highlights the work of Linda Jun, Americorps VISTA Attorney in our Western Regional Office in Alton.
MADISON COUNTY FORECLOSURE MEDIATION PROCESS HELPS SOME RESIDENTS KEEP THEIR HOMES
The Madison County Residential Mortgage Foreclosure Mediation program is headquartered in a former hospital building in Wood River, but there are no miracle cures to be found here for the foreclosure ills that have plagued the nation since the financial crisis of 2008.
Many county homeowners do, however, find solutions — or at least answers — regarding their individual cases through this mediation process that was implemented in 2011 for Madison and Bond counties by the Third Judicial Circuit Court.
Program administrator Linda Jun said that in best-case scenarios, homeowners and lenders work out loan modification or repayment plans, but she finds that even homeowners who aren’t successful in working out a home retention plan often walk away with a clearer understanding of what happened.
“I think it’s a good thing,” Jun said. “It’s a vehicle for parties to come together outside of the court process to have a conversation.”
Click here to read the article in its entirety: https://www.stlbeacon.org/#!/content/26492/illinois_foreclosure_mediation_081312