Question: I am in foreclosure proceedings and I have received a letter asking if I want to go to mediation, should I go?
Answer. Yes. Mediation is a good opportunity to actually speak with a decision maker at the bank who can actually modify your loan and make other decisions related the foreclosure proceeding. You must submit certain financial documents and are usually required to meet with a financial consultant. The law required the bank to pay the entire expense of the mediation is borne by the bank.