Judge pleased with RI foreclosure mediation

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Judge pleased with RI foreclosure mediation

Judge pleased with RI foreclosure mediation

CBS-

A federal judge who appointed a special master to help mediate hundreds of foreclosure disputes in Rhode Island’s courts said Tuesday he’s “incredibly pleased” with the process so far, but is looking for ways to improve it.

U.S. District Judge John McConnell Jr. said Tuesday morning after hearing a progress report from special master Merrill Sherman that it’s in the best interests of homeowners and mortgage providers to reach settlements outside of court and that he appreciates both sides’ good faith negotiations.

[CBS]

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