COVID-19 Update: Important information about Gov. Evers’ emergency order to put evictions and foreclosures on hold throughout Wisconsin for 60 days. Click here.
What is Foreclosure Mediation?
Foreclosure mediation is a voluntary process that gives homeowners facing foreclosure and their mortgage companies the opportunity to work with a third-party mediator. The mediator is a professional who is trained to improve communication between the parties and help them explore options which would allow the homeowner to either stay in their home or negotiate a respectable exit.
Who Can Apply?
Homeowners who have received a foreclosure summons to appear in court may be eligible for mediation. Homeowners must live in the property or own it as rental property (as long as they own four (4) or fewer rental properties). The property may not be a vacation home. The homeowner may not be in bankruptcy.
What Does it Cost?
Both parties (the homeowner and the mortgage company) pay a fee to the mediation program. Fees vary by county, so please see the forms for your county for the appropriate fee.
How Can Homeowners Apply for Mediation?
By completing the following 3 steps:
- Fill out the Mediation Request Form for your county.
- Collect Financial Paperwork and attend a free meeting with the HUD Certified Housing Counselor assigned to you by the mediation program [link to financial checklist & forms]
- Pay the mediation program the fee by check, money order, or credit card (where available)
Once you complete these 3 application steps, we invite the lender to mediate. If the lender agrees to mediate, we work to schedule the mediation session. If your lender does not agree to participate in mediation, we will refund the majority of the fee to you, keeping only a small portion to offset administrative costs. See the Foreclosure Mediation Process Description for your county for exact amounts.