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On November 19th, 2009, The Cook County Board passed a $3 million budget amendment that funds outreach and a court mediation program for foreclosure victims. The court mediation program is based on a successful Foreclosure Mediation Program in Philadelphia. It is now possible for any defendant or plaintiff in a foreclosure case to request mediation. The mediation session would be held between:

• The borrower, who may also have a housing counselor present

• The loan servicer’s attorney or representative

• A trained volunteer mediator from the Center for Conflict Resolution

Action Now has been fighting for a foreclosure mediation program in Cook County for over a year. Court mediation gives homeowners a chance to sit down with their lender face-to-face and work out an affordable loan modification with a judge present, before they are given a default judgment.

For press coverage of the $3 million budget amendment for foreclosure prevention, click below:

"Passage of $3 million foreclosure prevention program hailed as a 'huge victory'" from Medill

"Cook County Takes A 'Huge Step' Towards Relieving Foreclosure Crisis" in Progress Illinois

"Commissioners Approve 2010 Budget" in Chicago Current

For more information on the successful Philadelphia Foreclosure Mediation Program, read this recent New York Times article.

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