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New - Florida Mediation for Foreclosures
I am excited about a major change in handling of residential property foreclosures in Florida.  The Florida Supreme Court has mandated a system of managed mediation for all Judicial Circuts in the state. 

IF YOU WORK IN LENDING, FORECLOSURES, SHORT SALES, REO OR HAVE REAL ESTATE CLIENTS WHO MAY BE IMPACTED BY THESE TOPICS – PLEASE JOIN THIS GROUP AND CONTRIBUTE YOUR KNOWLEDGE AND EXPERIENCE TO THIS DISCUSSION.  
My recent article on the new system may be found <here>.
The Administrative Order is recent (Dec 2009) and the implementation is gradual.  Each Judicial Circuit (20 in the State) must contract with a Project Manager – a non-profit company which will handle the administration, facilities and equipment and schedule the mediators and cases. 
The Florida Supreme Court found that defendants were coming to Court for final hearings in the foreclosure process without ever talking to the lenders about their situation having an opportunity to work out the problems. 
The benefits to the lender and the homeowner come from two unique facets of the process.  First, the homeowner and the lender are required to exchange some important information prior to the mediation session.  The homeowner provides his current financial information (package like ... more

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