April 9, 2015
by Patricia Lonzo
Gray & Associates, L.L.P. – USFN Member (Wisconsin)
Ten counties in Wisconsin are implementing a substantial increase in the mediation fee that is charged by the foreclosure mediation programs. There is a Notice of Availability of Mediation form that is currently required to be served with the Summons and Complaint, informing borrowers of their right to request mediation. The form has been updated by the mediation programs to reflect the change and must be used as of April 1, 2015.
The pre-April 1 mediation fee for the relevant counties is $150 for both the borrower and servicer to participate in mediation. The mediation fee charged by the mediation programs for applications submitted by borrowers effective April 1, 2015 is $400 for the borrower and $600 for the servicer. The ten counties implementing the increased mediation fee are Milwaukee, Waukesha, Kenosha, Racine, Dane, Dodge, Marathon, Portage, Sauk, and Wood. Participation in the mediation program by the servicer is voluntary, except in the counties of Kenosha and Racine. If the borrower requests mediation in Kenosha or Racine, the servicer is required to participate.
Mediation programs in Wisconsin are established and governed on a county level; therefore, this change only impacts the identified counties.
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