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Friday, July 22, 2011

Mediation efforts fail to stem foreclosure tide

Ron Tucker?s problems began after his wife died of cancer. Despite the loss of her income, his lender wouldn?t consider a loan modification because he was current on his payments.Mediation has been touted as a key strategy to stop foreclosures in the 14 states where it has been tried. But if Maryland is any indication, the programs are not working.




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