Foreclosures in Florida

An article by Duane Marstellar of Bradenton.com revealed that Florida will be creating a state-wide managed mediation program designed to help more homeowners avoid foreclosure. The Florida Supreme Court has directed judges to refer all new foreclosure cases involving primary residences to mediation, in hopes of easing a glut of foreclosures that is clogging the court system. More than 456,000 foreclosure cases currently are pending in Florida, which has the nation’s highest foreclosure rate. Read more of this article to find out the guidelines for this new program.