Foreclosure mediation program dies in Southwest Florida

(News-press.com) Local residents facing foreclosure will have no mediation program to take the place of a mandatory state program terminated Monday by the state Supreme Court – at least for the near future.

That means those in the process of losing their homes will have options of going it alone with their lender in seeking mediation; going with a private mediator who will charge at least $200 by the hour; do nothing and let the foreclosure proceed without contesting it; or, if they have a Fannie Mae loan, opt for a mediation program run by a nonprofit think tank.

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