The Foreclosure Mediation Program (the Program) is administered by Metro Milwaukee Mediation Services (MMMS) and is patterned after the Wisconsin Foreclosure Mediation Network (WFMN) Model. The goal of the Program is to assist parties in determining, within a reasonable timeframe, whether foreclosure can be avoided by an alternate mutually agreeable arrangement, such as a loan modification or repayment plan, or to allow for a graceful exit from the property. The Program seeks to achieve this goal by structuring the collection and exchange of information to prepare the parties for their mediation session. The neutral and impartial mediator then guides and summarizes the communications so that parties gain a complete and clear understanding of any options that may exist or the reasons retention options are not available.
The Program is available to parties to a first or second mortgage foreclosure action involving a one-to-four family residential property. The homeowner need not reside in the property, but they may not own more than four other rental properties. This is consistent with the eligibility criteria established by the U.S. Treasury’s Making Homes Affordable loan modification program. In addition, the action must be pending in a participating county. Vacation properties or “seasonal homes” are not eligible, nor are homes subject to bankruptcy protection.
Wisconsin Foreclosure Mediation Network
P.O. Box 633
Milwaukee, WI 53201
