Susan R. Miller, South Florida Business Journal
Plagued by an ever-increasing number of foreclosure cases, Florida judges now have guidance on how to deal with them through a statewide mediation program.
Florida’s Chief Justice Peggy Quince signed an order designed to alleviate the backlog. Click here to read the order.
It adopts recommendations by the court’s Task Force on Residential Mortgage Foreclosure Cases that was created earlier this year.
Foreclosure filings in Florida trial courts are expected to hit 456,000 statewide by the close of the year.
Foreclosure have been especially troublesome in Central Florida, which was among the 10 largest metro areas with the highest foreclosure rates for the month of November, RealtyTrac reported.
The Orlando area was No. 8 in the nation, with one in every 120 housing units receiving a foreclosure notice — notice of default, notice of auction or bank repossession — last month.
“The crisis continues unabated,” the order notes. (Read more)
