Florida Supreme Court Terminates State Mediation Program
Mediation, Arbitration designate processes for bringing about agreement or reconciliation between opponents in a dispute. Mediation implies deliberation that results in solutions that may or may not be accepted by the contending parties. Arbitration involves a more formal deliberation, it being understood that the results will be binding on the contending parties
Florida’s mandatory foreclosure mediation program has come to an end. State Supreme Court Chief Justice Charles Canady issued an order this week stating that no new cases may be referred to mediators as part of the court-run initiative and citing the program’s lack of success in resolving foreclosure disputes between lenders and borrowers.
“The Court has reviewed the reports on the program and determined it cannot justify continuation of the program. Accordingly, upon issuance of this administrative order, the statewide managed mediation program is terminated,” Justice Canady said
The Sunshine State has been among the hardest hit by the housing downturn, with property values plummeting and foreclosures skyrocketing.
This is obviously not good News for the Sunshine State. Cases already referred to or pending mediation as of December 19, 2011 will run their course through the program, but no additional cases will be accepted.
Read Full report:
http://www.dsnews.com/articles/florida-supreme-court-terminates-state-mediation-program-2011-12-20
Comments(0)