Helping troubled homeowners avoid foreclosure in Philadelphia is a team effort. In 2008, the city established the Philadelphia Residential Mortgage Foreclosure Diversion program, which offers homeowners, lenders, lawyers and housing counselors an opportunity to come together in an effort to resolve issues leading to foreclosures. Conciliation conferences happen in the Court of Common Pleas every Thursday.
With a second wave of the foreclosure crisis hovering, states are beginning to take action. According to a study from the Center for American Progress, jurisdictions in 21 states are now offering foreclosure mediation or negotiation programs.