Callahan’s Cleveland Diary

From Darren Hamm at Neighborhood Housing Services:

FYI- Judge Roger E. Binette of the Erie County Common Pleas Court has placed all foreclosure suits on a 120-day “stay” beginning April 15. He was quoted as stating “my court will set foreclosure cases for a Settlement/Case Management Conference (“CMC”). At the CMC, the financial institution or note holder and the debtor will be required to ascertain whether, in good faith, a resolution can be reached.”

See the following link for brief coverage from the Sandusky Register:

http://www.sanduskyregister.com/articles/2008/04/15/front/709276.prt

Update: I haven’t been able to find anything else about this, though it’s week-old news. From the story summary at the link, it’s clear that Judge Binette sees the four-month stay of foreclosure cases as a way of encouraging pre-trial settlements, connected in some way with the Supreme Court’s mediation initiative. But does it apply to foreclosures already before the Court, or only new cases? Stay tuned.

This entry was posted on Monday, April 21st, 2008 at 8:44 am and is filed under Foreclosure crisis, Poor Cleveland. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.