Metro Milwaukee Foreclosure Mediation Program - Mission
As of September 2009, there have been 4818 foreclosure filings in Milwaukee County this year. The number of foreclosure actions filed in the past year is nearly quadruple the pre-2005 average. It is estimated that there will be more than 27,000 foreclosure filings in Wisconsin in 2009.
A court based foreclosure mediation process can successfully bring lender and borrower back from the brink, allow the parties to negotiate in a more equal bargaining process, preserve home equity for borrowers, cash flow for lenders, and prevent blight for communities. With seed money from the City of Milwaukee and funding contributed by Attorney General Van Hollen, Marquette University Law School instituted the Milwaukee Foreclosure Mediation Program. The Chief Mediator, a licensed attorney and experienced mediator, conducts daily mediation sessions and works with other volunteer mediators to serve the parties in foreclosure requesting mediation services.