About the ProgramThe State of Nevada Foreclosure Mediation Program (FMP) was created during the 2009 session of the Nevada Legislature with the passage of AB 149, which amended NRS Chapter 107.
The purpose of AB 149 was to directly address the foreclosure crisis and to help keep families in their homes. The FMP provides an opportunity for homeowners and lenders to discuss alternatives to foreclosure.
Mediating a foreclosure action is fast, inexpensive, and cost effective. Mediation is a give-and-take process that lets the homeowner and lender – with the assistance of a trained mediator – seek a mutually acceptable resolution to their mutual dilemma. By working together to explore the various options, agreements are often reached.
