This is a great Q & A from the Baltimore Sun explaining the foreclosure mediation program in Maryland.
Questions from the article include:
What will change for home owners and lenders?
What steps does the law add?
What comes next?
How will the mediation itself work?
What happens if they don't agree?
What's the cost?
The lender has to pay $300 at the order to docket stage. ... It’s a $50 fee for the homeowner to request mediation. Both of those fees that the lender would pay and the homeowner would pay go into a fund … for the additional administrative law judges that OAH would hire, as well as pay for continuing our counseling network.
Is there any reason for lenders to work something out in mediation?
Read the full Q & A [here].