Can I request a mediation or alternative dispute resolution to stop a foreclosure in Ohio?
Avoid Foreclosure with Mediation or ADR
If you are facing a foreclosure in Ohio, you may be wondering if you can use mediation or alternative dispute resolution (ADR) as a way to stop the process. Mediation and ADR are methods of resolving disputes outside of court, and they can be effective tools for homeowners who are trying to avoid foreclosure. However, it is important to understand that these methods are not a guarantee of success, and you should also consider other options for saving your home.
Mediation is a process in which a neutral third party, known as a mediator, helps the parties involved in a dispute to come to an agreement. In the context of a foreclosure, mediation can be used to help the homeowner and lender reach an agreement on a plan to avoid foreclosure. Mediation is typically a voluntary process, and both parties must agree to participate.
Alternative dispute resolution (ADR) refers to a variety of methods for resolving disputes outside of court, including arbitration, negotiation, and conciliation. Like mediation, ADR can be used to help homeowners and lenders reach an agreement on a plan to avoid foreclosure. In Ohio, some lenders are required to participate in ADR before proceeding with a foreclosure, so it is worth exploring this option if you are facing a foreclosure in the state.
If you are interested in using mediation or ADR to stop a foreclosure in Ohio, we recommend that you seek the assistance of an attorney who is experienced in helping homeowners facing foreclosure. An attorney can help you understand your rights and options, and can represent you in the mediation or ADR process. To speak with a qualified attorney about your options for using mediation or ADR to stop a foreclosure in Ohio, please call the law firm of Doucet Co., LPA at (888) 200-9824.