Understanding Florida’s Foreclosure Mediation
Stock Markets Review
March 13, 2011
Until December of 2009, Florida’s little-known foreclosure mediation process was entirely voluntarily. Now, with nearly half a million homes facing foreclosure, the mandatory mediation process is a vital mechanism to bring the homeowner, the lender, at the mediator to the bargaining table.
Specially trained and certified in mortgage modification issues and foreclosure law, mediators are responsible for bringing a fresh perspective to the table. With the “record volume of foreclosures in Florida is threatening to break its court system,” only the skillful prowess of mediators can save the day!