Real Estate Law Title

When it comes to home foreclosures, Florida is currently one of the hardest hit states with nearly half a million filings currently in various stages of litigation. In response to the state’s Task Force on Residential Mortgage Foreclosure, the Florida Supreme Court is now mandating mediation in all foreclosure proceedings of homesteaded properties. This means that homeowners behind on their payments and lenders seeking to foreclose on mortgages will have to go through a managed mediation process before a final foreclosure hearing or the entry of a default summary judgment can occur. Mediation can only be avoided if the borrower and the mortgagee are in agreement to forgo mediation or if mediation was previously unsuccessful pre-suit.

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