Call Us Now : (813) 314-4500
Visit Us On FacebookVisit Us On Linkedin
Call Us Now : (813) 314-4500
Visit Us On FacebookVisit Us On Linkedin

Residential Mortgage Foreclosure Mediation Program Disbanded

by Tabitha S. Fish, Esq., Associate, Saxon, Gilmore, Carraway & Gibbons, P.A.

Parties engaged in residential foreclosures in Florida should see a drastic reduction in the frequency of these cases going through mediation. The Residential Mortgage Foreclosure Mediation Program, in effect since June 2010, was terminated on December 19, 2011. Prior to December 19, 2011, all homestead foreclosures were ordered to mandatory state-run mediation, and non-homestead foreclosures could be ordered to the same state-run mediation program with relative ease. Borrowers in cases initiated prior to December 19, 2011 will still have the opportunity to participate in the state-run mediation program. However, as of December 19, 2011, no new cases will be referred to the state-run mediation program, and homestead foreclosures will no longer be subject to mandatory mediation. It is important to note that this change does not prevent courts from ordering mediation upon the request of the borrower and/or the lender or on a court’s own initiative. If you have residential mortgage foreclosure cases pending in Florida and would like more information on how this change will affect your cases, please feel free to call us to discuss the issues in detail.

 

© 2013 Saxon Gilmore. Saxon Gilmore publications should not be construed as legal advice on any specific facts or circumstances. The contents are intended for general information and educational purposes only, and should not be relied on as if it were advice about a particular fact situation. The distribution of this publication is not intended to create, and receipt of it does not constitute, an attorney-client relationship with Saxon Gilmore. This publication may not be quoted or referred to in any other publication or proceeding without the prior written consent of the firm, to be given or withheld at our discretion. To request reprint permission for any of our publications, please use our Contact form via the link below. This site may contain hypertext links to information created and maintained by other entities. Saxon Gilmore does not control or guarantee the accuracy or completeness of this outside information, nor is the inclusion of a link to be intended as an endorsement of those outside sites.