Florida courts will no longer require mandatory foreclosure mediation after the Florida Supreme Court announced it will close down the two-year-old program yesterday. Citing reports the program didn’t work as well as hoped and that the court system could no longer justify the cost, Supreme Court Chief Justice Charles Canady said new foreclosure cases will no longer be referred to mediation.
The mandatory program, established in 2009, was created to ease pressure on the court system and speed up the foreclosure process. However, according to many Florida homeowners facing foreclosure during its tenure, lenders did not take the process seriously and the program did little to help them avoid the inevitable.
Foreclosures already in the mediation process will continue on that path as they work their way through the system.
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2 users commented in " Florida Supreme Court Ends Mandatory Foreclosure Mediation Program "
Follow-up RSS Comments Feed or Leave a TrackbackSo does this mean there will be no legal requirement for mediation and lending institutions will barrel through as many foreclosures as they can as quickly as they can? Or will everything be mired in gridlocked once more?
Yep, no mediation requirement anymore. I’m not sure there will be gridlock though. Even with the media making it seem like all we have is foreclosures in Florida, the numbers have actually dropped quite dramatically.
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