Judge Upholds County’s Foreclosure Mediation Ordinance

Michael Calhoun

ST. LOUIS COUNTY, Mo. (KMOX) –  A circuit court judge rules that St. Louis County’s foreclosure mediation ordinance can stay in place.

Councilwoman Hazel Erby says that means starting Friday homeowners facing foreclosure should be able to take their lenders to mediation, although she admits that’s little consolation to those who lost their homes while the matter was tied up in court.

“I didn’t have anything to tell them except to just pray and hope for the best,” Erby said.

The Missouri Bankers Association, which filed suit to strike down the law, promises to appeal the ruling.

  • http://stlouis.cbslocal.com/2013/03/07/bankers-association-fighting-st-louis-city-foreclosure-mediation-law/ Bankers Association Fighting St. Louis City Foreclosure Mediation Law « CBS St. Louis

    […] Judge Upholds County’s Foreclosure Mediation Ordinance […]

blog comments powered by Disqus
Listen Now
Thanksgiving Guide
Make Your Picks!

Listen Live