The Illinois Mediation Conference Report Residential Foreclosure Mediation is a form of dispute resolution used to help homeowners and lenders reach an agreement regarding the resolution of a foreclosure proceeding. It is an alternative to court litigation and is used to help resolve financial disputes in a more cost-effective, time-efficient, and amicable manner. The conference is held between the homeowner, lender, and a mediator who serves as a neutral third-party to help both sides come to an agreement. During the conference, the parties discuss the underlying issues of the foreclosure and negotiate a resolution. The mediator will help the parties come to a mutually beneficial agreement, and the conference report is the mediator's summary of the issues discussed and the proposed resolution. There are two types of Illinois Mediation Conference Report Residential Foreclosure Medications: pre-foreclosure and post-foreclosure. Pre-foreclosure mediation occurs prior to the initiation of the foreclosure process and is used to negotiate an agreement between the homeowner and lender to avoid foreclosure. Post-foreclosure mediation occurs after the initiation of the foreclosure process and is used to negotiate a resolution that will help both parties avoid further litigation.