- Associated Press - Sunday, December 25, 2016

LAS VEGAS (AP) - A Nevada foreclosure mediation program that started at the height of the housing crisis in 2009 will accept its last enrollments at the end of this month.

Lawmakers voted last year to end the program in mid-2017, but legislators including Republican state Sen. Becky Harris say it still has a place in the recovering state. She said she’s working on a bill for this spring to keep it alive.

Mediations give borrowers and lenders a chance to sit down together and determine whether a loan can be modified before the bank retakes a home.

The program processed nearly 6,200 cases and helped more than 1,900 homeowners reach an agreement to keep their home in its first year of operation.

But participation has slowed as the housing market has improved.


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