Florida's Supreme Court shutters foreclosure program

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The Florida Supreme Court has decided to discontinue its mandatory foreclosure mediation program, it announced Monday. Chief Justice Charles Canady issued an order closing down the two-year-old program, which targeted residential foreclosures and was meant to relieve pressure on the courts from the crush of filings that followed the bursting of the housing bubble. A recent review of the program found that many borrowers felt lenders weren’t taking the process seriously. “The Court has reviewed the reports on the program and determined it cannot justify continuation of the program,” Canady wrote. Canady said those foreclosures already in the mediation program would continue to work their way through the system.

Via The News Service of Florida.

Peter Schorsch is the President of Extensive Enterprises and is the publisher of some of Florida’s most influential new media websites, including SaintPetersBlog.com, FloridaPolitics.com, ContextFlorida.com, and Sunburn, the morning read of what’s hot in Florida politics. SaintPetersBlog has for three years running been ranked by the Washington Post as the best state-based blog in Florida. In addition to his publishing efforts, Peter is a political consultant to several of the state’s largest governmental affairs and public relations firms. Peter lives in St. Petersburg with his wife, Michelle, and their daughter, Ella.