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Florida Cancels Mandatory Foreclosure Mediation Program


The state of Florida has cancelled their mandatory foreclosure mediation program.  State Supreme Court Chief Justice Charles Canady is the judge who made the final order to cancel the program. He felt that the program was not very successful. Statistics showed that there was only a 4% success rate with cases ending in settlement. 
   

The program was developed back in Dec 2009. The reason the program was developed was due to the "overwhelming number of mortgage foreclosure cases coming into the system." In the state of Florida it takes about 2 years to foreclose on a home.