The Real Deal Miami

Document flaws hurt foreclosure mediation

March 04, 2011 01:31AM

Some lawyers are charging that lenders are refusing to provide
court-mandated documents proving ownership of the loan, meaning very few
of South Florida’s foreclosure cases are ending in written agreements
after being referred to mediation. According to Margery Golant, an
attorney, 10 recent mediation sessions set for her clients had to be
canceled due to documentation problems. “If borrowers don’t comply, they
get kicked out of the [mediation] program,” she said. “But nobody is
cracking down on the [banks]. I think that, in a nutshell, is why the
mediation results have been so dreadful.” [Sun