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Association
Services
Buyer/Seller Mediation
Although the majority of real estate transactions close without incident,
there is a possibility that a problem or dispute could occur. When that
happens, it is usually successfully resolved by the parties through normal
communication and negotiation. In the past, when negotiations failed,
parties took their case to court. Today, they are taking their disputes
to mediation.
What Is Mediation?
Mediation is a process in which disputing parties attempt to resolve their
disagreements with the help of an impartial, trained neutral third party...
the mediator. The mediator does not pass judgment or render legally binding
decisions. The mediator's function is to help the parties open communication,
identify their differences and reach agreement on how to resolve them.
When the disputing parties have reached a mutually acceptable solution,
they sign a written agreement which outlines the terms of the settlement.
Once the agreement is signed, parties are legally bound to abide by its
terms. If the parties cannot reach a mutually agreeable settlement, they
are free to arbitrate or litigate their dispute as if the mediation never
took place.
In addition to being easier, faster and less expensive than litigation,
mediation is non-adversarial. Decisions rendered by an arbitrator or judge
usually determine a winning and losing party. In mediation the parties
have retained control of the outcome of the process and together have
fashioned the terms of the settlement.
Procedural Guidelines
Procedural Guidelines have been established to insure uniformity and consistency
in the process. Procedural guidelines are available upon request by calling
the Mediation Service Provider, Lisa Cameron at (800)-291-9542.
You will be requested to provide your name and address and information
will be mailed to you within 24 hours. Any questions you should have regarding
the procedures should be directed to Lisa Cameron at (800- 291-9542.
Written Agreement
Parties who decide to submit potential disputes to mediation sign a written
Agreement to Mediate. Parties can sign this agreement either before or
after a dispute arises.
Mediators
The mediators are experienced and have completed an intensive training
program. Mediators are selected based on considerations such as firm affiliation,
location, expertise in area of dispute, and availability.
Role of Attorney
Although parties have the right to be represented by counsel, attorneys
do not have to participate in the mediation conference. Parties should
consult an attorney if they have questions or concerns about mediation.
Initiating Mediation
Any party can request mediation by contacting the mediation service
provider and simply returning the written request form(s) provided to
them. The mediation service provider arranges, schedules and conducts
the mediation conference. Generally the conference is held within 60 days
of the date on which the mediation service provider receives a request
to initiate mediation. Usually it is scheduled within 30 days. The typical
conference lasts between two and four hours.
To request a mediation packet and/or for information, please contact the
Mediation Service Provider:
O.M. SERVICES
Contact: Lisa Cameron
960 W. Pulaski Highway
Elkton, MD 21921
800-291-9542
Fee
Fees for mediation services are established by the mediation service provider
and are published and available through O.M. Services. Please check with
O.M. Services for further details.
Facts About Mediation
Mediation is faster than litigation. A lawsuit can take anywhere from
several months to several years to be decided. As a rule, mediation takes
about thirty to sixty days from beginning to end.
Mediation is generally less expensive than litigation. Because parties
typically split fees and costs, no one pays an excessive amount.
Mediation is non-adversarial. Arbitration and litigation focus on disagreements
between the parties and result in win-lose decisions imposed by the arbitrator
or judge. Mediation, on the other hand, focuses on agreement between the
parties and results in a win-win settlement reached and agreed on by the
parties themselves.
Parties who agree to mediate retain the right to pursue other legal remedies.
If parties cannot reach a mutually acceptable settlement during the mediation
conference, they are free to arbitrate or litigate their dispute as if
mediation never took place.
Statistics show that MEDIATION is SUCCESSFUL the majority of the time.
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