The Florida Bar News is reporting that 12th Circuit Chief Judge Lee Haworth has suggested that the State require mediation prior to foreclosure between the lender and the home owner. Judge Haworth is quoted in the report as stating:
“The idea is there are so many opportunities for people to resolve their
case short of being foreclosed and having to leave the home, but the window of
opportunity is short,” Haworth said. “It keeps cases from going into our court
system and allows people at that sensitive time before a foreclosure, but when
people know it’s imminent, to get together and talk about the options.”
The mediation would only be for homestead properties with the hope of opening up lines of communications between the lender and borrower that might prevent foreclosure.
Related Florida real estate views:
City of Deltona seeking to help homeowners
HUD campaign promotes free housing counseling
Is the money lost because of a foreclosure tax deductible?
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