Home / News / Foreclosure / Florida Supreme Court Terminates State Mediation Program
Print This Post Print This Post

Florida Supreme Court Terminates State Mediation Program

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.

[IMAGE]

""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.

According to the _Miami Herald_, statistics released earlier this year showed that only 4 percent of eligible mediation cases ended in a settlement.

[COLUMN_BREAK]

The statewide managed mediation program was established in December 2009 to help Florida's courts deal with what Canady described as the ""overwhelming number of mortgage foreclosure cases coming into the system.""

The Sunshine State has been among the hardest hit by the housing downturn, with property values plummeting and foreclosures skyrocketing.

According to the latest market report from ""RealtyTrac"":http://www.realtytrac.com, 24,739 Florida properties received a foreclosure filing during the month of November, the nation's second highest total.

At 22.8 percent, ""Lender Processing Services"":http://www.lpsvcs.com (LPS) says Florida has the highest ratio on non-current mortgage loans in the nation â€" including both foreclosures and delinquencies.

On average, it takes about two years to foreclose on a home in Florida. The Office of State Courts Administrator, Research and Data reports that as of June 30, 2011, there were 180,180 inactive foreclosure cases and 196,212 active foreclosure cases pending in circuit courts in Florida.

Justice Canady’s order states that 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.

About Author: Carrie Bay

Carrie Bay is a freelance writer for DS News and its sister publication MReport. She served as online editor for DSNews.com from 2008 through 2011. Prior to joining DS News and the Five Star organization, she managed public relations, marketing, and media relations initiatives for several B2B companies in the financial services, technology, and telecommunications industries. She also wrote for retail and nonprofit organizations upon graduating from Texas A&M University with degrees in journalism and English.
x

Check Also

foreclosure

Fighting ‘Unconstitutional Foreclosures’ in Motor City

A new study accuses the city of Detroit of targeting low-income residents with inflated property tax assessments over the past decade, putting many of them in the crosshairs of foreclosure. Click through to read more about the case and its implications.

GET YOUR DAILY DOSE OF DS NEWS

Featuring daily updates on foreclosure, REO, and the secondary market, DS News has the timely and relevant content you need to stay at the top of your game. Get each day’s most important default servicing news and market information delivered directly to your inbox, complimentary, when you subscribe.