More homeowners turn to mediation after foreclosure

PORT ST. JOHN, Fla. — When Mark Weeks was laid off from his $90,000-a-year construction job 2½ years ago,he vowed to hang onto his family’s house here, where he’d lived with his wife, their three children and two dogs for the last six years.

But his new job as a safety officer for a Cocoa, Fla., crane rental company barely paid a third of what he used to make, and he wound up unable to pay his mortgage. At first, he tried, unsuccessfully, to get mortgage-holder Wells Fargo to defer or lower his payments.

Wells Fargo filed foreclosure proceedings in December, when Weeks was six months behind on his payments. Weeks hired a lawyer to fight it and move the case to a court-appointed mediator — which he sees as the best last hope for getting Wells Fargo to agree to lower his monthly payments.

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