Miami Foreclosure Actions Stall As Mediators Have Trouble Locating Delinquent Homeowners

In Miami, Florida, Miami Today reports:

• Since Miami-Dade County launched a pilot program to mediate home foreclosures filed in the clogged court system seven months ago, about half the cases have stalled because mediators can't find borrowers. Of 14,000-plus foreclosures referred to mediation to seek agreement with a lender and avoid foreclosure in court, about 7,000 haven't advanced because mediators can't reach homebuyers. Sometimes the borrower has left the home or the address provided is wrong, said Rod Petrey, president of Collins Center for Public Policy, a non-profit running the pilot.

• An area that needs work is definitely making sure lenders provide accurate contact information, Miami-Dade Civil Division Administrative Judge Jennifer Bailey says. Of the remaining cases, about 65% have reached workouts, Mr. Petrey said.

For more, see Miami-Dade foreclosure cases stall: 50% vanish.