Another Florida Court Moves To Mitigate Foreclosures; Creates Procedural Rules For Mediation / Loan Modification

In West Palm Beach, Florida, The Palm Beach Post reports:

• [T]he pace of foreclosures prompted [Palm Beach County's] Chief Judge Kathleen Kroll to consult with judges, clerks, attorneys, lenders and housing counselors. On Friday, Kroll signed an order intended to make foreclosures on homesteaded property less painful and more efficient. The order goes into effect on Nov. 1.

For more, see New rules aim for smoother defaults.

For the court order, see 15th Judicial Circuit of Florida: Administrative Order No. 3.305 - 10/08 - In Re: Homestead Foreclosure Actions By Institutional Lenders.