How does the program works?

What is Mediation - What to Expect:
Mediation will provide you with the opportunity to meet face-to-face your lender and work towards a mutual agreement in order to avoid foreclosure.

Homeowners in Delaware who have participated in the mediation program have benefited from the following resolutions:

Remain in your home:

1. Loan Modification: agreement to permanently change one or more of the terms of the mortgage contract to make your payments more manageable for you
2. Loan Repayment: your lender will give you a fixed amount of time to repay the amount you are behind by adding a portion of what is past due to your regular plan
3. Forbearance Agreement: your mortgage payments are reduced or suspended for a period of time. At the end of the time, you resume making your regular payments as well as a lump sum payment or additional partial payments for a number of months to bring the loan current

Exit your home:
1. Short Sale: your lender may allow you to sell the home yourself, agreeing to forgive any shortfall between the sale price and the mortgage balance
2. Deed in Lieu: you voluntarily transfer your property title to your lender in exchange for cancellation of the remainder of your debt

You are eligible for this FREE program if:
1. You own a one to four unit home
2. You reside in this home as your primary residence
3. The mortgage on this home is being foreclosed
 

Important Documents and Other Information:

Administrative Directive 2012-2

Defendant's Timeline and Reminders 
  -  Spanish Version

Notice of Foreclosure Mediation
    - Word version

Notice of Reinstated Mediation

Continuing Mediation Record

Final Mediation Record

Mortgage Foreclosure Mediation Brochure
    - Spanish Version

Certificate of Participation

Universal Intake Form

Foreclosure Intervention Counseling Client's Checklist

Directions to Mediation Conference Locations

Notice of Cancelled Mediation Conference

Mediation Fee Payment Notice

Notice of Intent to Foreclose

HUD-Approved Counseling Agency 

Delaware State Housing Association