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: Mortgage Lender Implode-o-MeterForeclosure mediators: Banks pushed us to fail
By Implode-Explode Heavy Industries
Florida's Supreme Court sought a foreclosure lifeline in forcing banks and borrowers to mediation. It was hoped a judicial referee could help unclog court dockets and free struggling borrowers.
But in documents obtained by The Palm Beach Post and described in a recent court order, mediators complain lenders and their attorneys are stifling the system by pressuring negotiations to end in a stalemate.
Full post as published by Mortgage Lender Implode-o-Meter on February 21, 2011 (boomark / email).
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