As many readers of this blog already know, foreclosure mediation is booming across the country. Many states with judicial foreclosure procedures (as opposed to non-judicial foreclosure states) are requiring mediation before any hearings on the foreclosure process. Add Florida with its strong ADR practices to the list. The Florida Supreme Court’s residential-foreclosure task force is recommending that all cases involving the foreclosure of primary residences be mediated. See the full story here.
2 thoughts on “Mandatory Mediation in Florida Home Foreclosures”
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Mediating should benefit some of the homeowners as well as the financial institutions holding the notes.
Well, a state like Florida with a really high foreclosure rate would be well-served in mediating as many foreclosures as they can so that more people might be able to keep their homes and make things better for their economy.