The Florida Supreme Court has ordered a review of its 18-month-old mandatory foreclosure mediation program. Should a similar process come to Wisconsin?
In July 2011, Wisconsin had the 10th highest foreclosure rate in the United States, only four spots behind the State of Florida. Several initiatives in Wisconsin have attempted to inject mediation into the foreclosure process, with varying amounts of success. Purely voluntary processes are flailing – with lenders refusing across the board to even attend the voluntary mediations. More suggestive processes are seeing varying amounts of success.