The Nevada Legislature created the State of Nevada Foreclosure Mediation Program (FMP) in 2009. The FMP allows grantors (homeowners) of owner-occupied residential property to participate in foreclosure mediation after the filing of a Notice of Default (NOD) by a beneficiary (lender), or a trustee representative (trustee) of the beneficiary.
Prior to October 1, 2013, homeowners (grantors) elected to participate in mediation within 30 days of receiving a Notice of Default.
After October 1, 2013, homeowners (grantors) of owner-occupied residential property are automatically enrolled into foreclosure mediation after the filing of a NOD. The FMP verifies owner-occupancy and property eligibility once a homeowner completes enrollment in mediation, notifies the trustee of an eligible grantor request, and then processes the enrollment in preparation for mediation scheduling and assignment to a mediator.
The FMP focuses on the state’s growing foreclosure problem by bringing eligible homeowners and lenders together to discuss alternatives to foreclosure.
Program Metrics and Outcomes
- FY 2013 Statistics (July 1, 2012 - June 30, 2013)
- FY 2012 Statistics (July 1, 2011 - June 30, 2012)
- FY 2011 Statistics (July 1, 2010 - June 30, 2011)
- FY 2010 Statistics (September 14, 2009 - June 30, 2010)