Foreclosures and Mediation

Florida courts are currently trying to cope with more than 290,000 foreclosure cases.

Members of a Florida Foreclosure Task Force have suggested that mediation would be a good way to expedite a flood of mortgage foreclosures.

Borrowers would be contacted by phone and mail and asked to participate.

The cost, $750 per case, could be split 50-50 between lenders and borrowers.

Sounds like it would save time and money.

What do you think?