Florida Supreme Court Chief Justice Charles Canady shut down the state’s 2-year-old foreclosure mediation program Monday, after low success rates and criticism from both lenders and borrowers deemed the program unsustainable.
The court system, which has faced a torrent of foreclosure cases in the past several years, has seen its budgets cut and staff reduced. That combined with a rising number of foreclosure cases led to substantial backlogs for many of the court circuits around the state.
The Supreme Court’s solution was mediation, which it mandated throughout the court system.
via Florida justice shuts down foreclosure mediation program.