Tagged: foreclosure

Updated at 4:52 p.m. to correct judge's name.

A judge in St. Louis city has halted enforcement of the city's new foreclosure mediation ordinance.

Robert Dierker issued the temporary restraining order today, which prohibits any city officials from enforcing the ordinance. Dierker does take care to note that voluntary participation in mediation is still allowed.  A hearing on a preliminary injunction is scheduled for March 20.

The St. Louis Board of Aldermen met today for the last time ahead of the mayoral and aldermanic elections in March and April. Here's what came out (and didn't) of a hectic day at City Hall:

Foreclosure mediation

Aldermen sent Mayor Francis Slay a measure that would require lenders to offer homeowners foreclosure mediation. The homeowners do not have to accept, and there's no requirement to reach an agreement.