DAYTONA BEACH -- When Florida mandated a residential foreclosure mediation program two years ago, its creators hoped that joining lenders and borrowers together would plug the stream of foreclosure cases that swamped the court system.
That hasn't come close to happening, lawyers and bankers say.
Instead, many borrowers are leery of the free program's legitimacy, and few that actually go to mediation reach an agreement, as some lenders seem unwilling to work toward a deal.