Notice Of Entry Residential Foreclosure Mediation Program {FM-3}

EXHIBIT FM-3 - NOTICE OF ENTRY RESIDENTIAL FORECLOSURE MEDIATION PROGRAM. This form is used in foreclosure cases within the 17th Judicial Circuit of Illinois, specifically Boone County. The form notifies both the plaintiff (typically the lender) and the defendant (typically the homeowner or borrower) that their case has been referred to the Winnebago County Residential Foreclosure Mediation Program. This program is designed to provide an opportunity for the parties to engage in mediation, a process where a neutral third party facilitates discussions to explore alternatives to foreclosure, such as loan modifications or repayment agreements. By issuing this notice, the court also establishes that the foreclosure proceedings are temporarily stayed, meaning they are paused, until the mediation process is completed or otherwise resolved. The form ensures that all parties, including attorneys and program administrators, are formally informed of the mediation referral and outlines how concerns regarding eligibility for mediation should be directed. www.FormsWorkflow.com