Foreclosure Mediation

Steve was appointed by the Nevada Supreme Court to serve as a mediator in the State's Foreclosure Mediation Program, one of the pioneering programs of its kind in the country.  Steve is a graduate of the Program's mediation training course and is an ongoing participant in the Program's series of continuing education seminars covering the complexities and potential pitfalls encountered while mediating the resolution of disputes between borrowers and lenders arising in the context of foreclosure, mortgage defaults, loan modifications, short sales, and other remedies.

What is foreclosure mediation?

Foreclosure mediation provides a safe, confidential forum for homeowners who are in default on their mortgages and in danger of foreclosure to negotiate with their lenders.  Negotiations are conducted under the auspices of a neutral mediator.  Whether the goal of the homeowner is to obtain a loan modification with the objective of remaining in his or her home or to obtain other relief such as a short sale or "deed in lieu" of foreclosure, allowing for a "graceful exit," mediation opens the lines of communication and can bridge the gap between individuals and banking institutions. 

What is the Nevada Foreclosure Mediation Program (FMP)?

The Nevada Foreclosure Mediation Program is one of the first and best of its kind in the country.  The FMP is run under the auspices of the Nevada Supreme Court pursuant to a statute passed by the Nevada Legislature in 2009 to address the State's growing mortgage crisis with the goal of helping Nevada citizens stay in their homes.  The pioneering FMP is evolving constantly to meet the challenges and realities of the fallout from the crisis as both the real estate market and the courts struggle toward recovery.  In 2016, the Legislature determined to phase out the FMP.

What is OnPoint's role in the Nevada Foreclosure Mediation Program?

Stephen D. Ramos is proud to have been appointed by the Nevada Supreme Court to serve as a mediator in the FMP in recognition of his satisfaction of the stringent qualifications mandated by the Court and following his successful completion of the Court's rigorous training regimen.  As of the time of his appointment in 2010, Steve was one of only 218 mediators statewide approved to serve in the FMP.