This week the District Council approved a measure requiring lenders to go through six months of mediation with a homeowner before proceeding with a foreclosure.
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Mediation allows the borrower and the lender's representative to negotiate, with the guidance of an impartial go-between, over possible alternatives to a foreclosure, such as a loan modification. But neither side can be compelled to agree to a mediated solution.
From: http://ping.fm/PjR00
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