Lenders in St. Louis County will soon be required to offer mediation to homeowners on the edge of foreclosure.
Councilwoman Hazel Erby, who introduced the new plan, told council members something had to be done to help slow the rate of foreclosures in the county.
“On behalf of the many families who contacted me over the last year and shared their difficult stories about losing their homes,” Erby Said. “I hope they know that this ordinance is in their honor.”
For the second week in a row, residents lined up to tell councilmembers that mandatory mediation would help save homeowners facing foreclosure.
But Councilwoman Hazel Erby, who sponsored the bill, moved to table its final passage at least until next week.
“We’re looking over some things,” Erby said. “We just received some letters, so, we’re taking those into consideration.”
When asked, Erby didn’t specify what additional information needed to be considered.
The St. Louis County Council moved forward tonight with a bill that would require lenders to offer mediation for homeowners on the edge of foreclosure.
During a public meeting on the plan, many community members told the council that mediation may have saved them from foreclosure.
For Councilwoman Kathleen Kelly Burkett, it was personal. She was on the edge of tears when she told the story of foreclosing on her mother’s house.
Councilwoman Hazel Erby, who originally introduced the bill, said they have to take action now.
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