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July 1, 2009
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Nevada Supreme Court OKs foreclosure program rules

The state Supreme Court voted unanimously Tuesday to adopt rules governing confidential meetings between homeowners and lenders that could head off foreclosures.

Under the program approved by the Legislature, a homeowner who gets a foreclosure notice can request a meeting with lenders and a trained mediator. That could be up to 1,500 such requests each month.

Starting today, people who get such notices can seek the mediation. Homeowners and lenders will share the costs of the mediators, with a cap of $200 assessed to each party.

Verise Campbell, a former hotel-casino executive who will be paid $84,140 a year to …

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The Nevada Appeal Updated Jul 1, 2009 05:12AM Published Jul 1, 2009 05:11AM Copyright 2009 The Nevada Appeal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.