Highlands, Polk, and Hardee Florida foreclosure mediation
With thousands of homeowners still losing their homes to foreclosure, the local Judicial Circuit Court of Florida which covers Hardee, Highlands and Polk county has created a foreclosure mediation program. The goal of the service is to help reduce the still too high number of home foreclosures in the local region.
The local court is offering this service that is based upon the Collins Center for Public Policy Foreclosure Mediation Program. This program, which is run by many local agencies, court systems and counties across the state, provides an opportunity for local homeowners and their bank or lenders to find solutions to and hopefully resolve the foreclosure case out of court system. Of course, the primary goal of mediation is to find some type of solution that allows the home owner to stay in their home if possible, and that also satisfies the lenders financial needs.
So a total of three local agencies and/or courts have partnered together to offer this option. Central Florida Mediation Group has joined together with the Collins Center to manage the 10th Circuit's foreclosure mediation program. The mediation program is provided at no expense to the home owner, and a professional, well trained mediator is tasked with finding a solution to the mortgage crisis that is being experienced.
How does the mediation program work
Many experts agree that one of the key advantages of a foreclosure mediation program is that it gives both lenders and homeowners the opportunity to talk openly and privately with a professional, neutral mediator. Together these three parties are provided the opportunity and healthy environment to work towards a reasonable, practical solution to the borrowers mortgage problems. Face to face communication is always very helpful, and usually shows the best results. Oftentimes this meetings provide the first opportunity that either the borrower or lender has had to sit down and discuss recent changes in the homeowner's financial situation, discuss their mortgage problems, and to discuss new solutions to the hardship.
|
