First statewide report shows few helped by foreclosure mediation

The first statewide report on the Supreme Court’s foreclosure mediation program is out, and at least one South Florida judge says the program is neither helping homeowners nor clearing caseloads.

About 4 percent of 57,909 foreclosure cases referred to mediation between March and November 2010 ended in agreement between the bank and borrower, according to the program evaluation, which included all 20 circuit courts.

The success rate is higher — 27 percent — if only mediations that actually occurred are considered.

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