Good News in Florida!

Happy New Year and here's hoping things get better in the new year for all of you! Moving to the latest bit of good news for people facing foreclosure, in Florida, the state Supreme Court has started a mediation program between lenders and homeowner/borrowers in hopes of reducing the number of foreclosures. The court's order requires that ALL foreclosure cases in the state's courts involving residential property be put through a 'managed' program to mediate a non-foreclosure solution for the case. This will have to be started for a given case within 120 days of it being filed in court, and the costs will largely require that the lender be responsible for payment. How well will it work? Time will tell, but, once again, we see that a little bit of ingenuity can go a long way to easing this terrible national crisis.