Florida Foreclosure Homes Process Streamlined

by cassy82 | September 15, 2009 at 09:07 am

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The Florida foreclosure homes process has been streamlined by a task force created to recommend procedures, policies and strategies that courts could implement statewide. The task force reported an option of managed mediation to modify the communication between borrowers and lenders.

The Florida Supreme Court Task Force on Residential Mortgage Foreclosure Cases has released a report in which it streamlined the Florida foreclosure homes process.

In March 2009, a court order stated that several Florida circuits implemented various approaches to effectively manage, deal and process all the foreclosure cases. The court order pointed out that the said task force must develop and recommend procedures, strategies and policies that circuit courts could implement statewide.

According to the task force report, homestead and borrower-occupied properties may obtain a high success rate for loan modification.

By Cassiano Travareli