Mediation:   As was done during the Great Depression of the 1930's, mediation boards need to  be set up in every county in the country.   The function of the mediation board would be to stand between homeowners facing foreclosure and the lenders and work out solutions based upon the circumstances and the specific requirements of both lender and borrower.   

The county foundation structures suggested in the How to End the Home Foreclosure Crisis  page could be the structure out of which these mediation boards function.   

The present foreclosure system, banks have all the power.   The lenders have none.  The banks have high-power attorneys.   The super-wealthy who own the banks have manipulated the laws completely in their favor.   They couldn't care less about the borrower.   

The lender gets first money in a foreclosure.   They have no incentives whatsoever to take care of the borrowers.   The borrowers get screwed.   

Not only is this is not necessary, it makes everybody losers.   Readers are directed to the page titled:  

 A New Way to Process Home Foreclosures   --- A way for the banking system to process home foreclosures so that everybody wins.

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Mediation is about making resolution more important that fighting.   The goal is to avoid courts and lawyers because fighting is very expensive and time-consuming, and the   lawyers are usually the only winners.   The goal in mediation is to eliminate conflicts and to make both sides winners.

The Mediator's Job:   The mediator's  job is to resolve disputes  --  to find fair, just and equitable solutions that are not necessarily following the wishes of either side. 

What side is the  mediator on?  ---  The mediator is on both sides.    He or she is on the side of resolution.   The objective is to reach a settlement that is as near as possible to what both sides want.   

The Next Page in this Series

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Return to the Prior Pages

Concept Summary   ---   If humans are going to reverse global warming before it becomes unstoppable, the process requires making major economic changes.   The first step in this transformation process is to provide you with an overview of the potential.

http://www.EconomicSanity101.com#83

Resolving the 2008 Financial Crisis     ---   In the present financial crisis, October 2008,  we cannot solve the problems created by deficit spending with more deficit spending.  Instead of treating  symptoms, we must be totally honest and solve this crisis by going to its core, to it's root causes.   

http://www.EconomicSanity101.com/
resolving-2008-financial-crisis.html#83

 The Financial Bailout      ---   The who, what, when, why, and how of solving America's Financial Crisis.

 A New Way to Process Home Foreclosures    --- A way for the banking system to process home foreclosures so that everybody wins.

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 Mediation Board Between Lender and Borrower   --- The function of the mediation board would be to stand between homeowners facing foreclosure and the lenders and work out solutions based upon the circumstances and the specific requirements of both lender and borrower.   

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