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The Household Mortgage Foreclosure Diversion Pilot Program and its own Effect On Seniors

The Residential Mortgage Foreclosure Diversion Pilot System

The Residential Mortgage Foreclosure Diversion Pilot Program in April 2008, in response to an alarming increase in the number of residential mortgage foreclosures filed and sheriff sales of homes scheduled, the Philadelphia Court of Common Pleas issued a General Court Regulation which authorized the Court to implement a new case management Program.

The program ended up being envisioned as a very early intervention system allowing home owners possibilities to avoid foreclosure by means of numerous federal, state and neighborhood programs to facilitate loan work-out and/or reinstatement, when possible.

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