Mortgage Mediation in Florida
The Florida Supreme Court issued an Administrative Order on December 28, 2009 mandating the establishment of a Residential Mortgage Foreclosure Mediation Program (RMFM) by each of Florida's 20 Judicial Circuit Courts.
The RMFM Program allows homeowners and lenders to explore ways of resolving their foreclosure dispute quickly and without further litigation. There is no cost to the homeowner for their participation in the Program.
To read the Administrative Order, click here.
As a result of the establishment of the RMFM program, certain Judicial Circuit Courts have appointed the American Arbitration Association (AAA), the world's leading provider of conflict management and dispute resolution services, to administer their Residential Mortgage Foreclosure Mediation Programs. The RMFM Program stipulates that all lawsuits involving a residential mortgage foreclosure of an owner-occupied homestead residence will be referred to the AAA for mediation prior to proceeding with litigation.
Homeowners who participate in the Program first undergo mortgage foreclosure counseling and then proceed to the mediation process with the objective of reaching an early and mutually agreeable settlement of their dispute.