The Mediator in a Mediation Has the Power to Force

question 31

True/False

The mediator in a mediation has the power to force the parties to come to a settlement.

---

Definitions:

Warranty of Title

A guarantee in a sales contract that the seller has the legal right to transfer ownership and that there are no undisclosed liens or encumbrances on the property being sold.

Right of Redemption

A legal right that allows a borrower to reclaim their property after it has been sold at foreclosure by paying off the full debt amount, plus additional costs, within a specified timeframe.

Entire Debt

The total amount owed by a debtor, encompassing all outstanding obligations, not just a portion or installment.

Foreclosure

A legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments, typically by forcing the sale of the asset used as the collateral for the loan.