The program, established in 2009 and modified in 2010, was created to ease pressure on the court system and speed up the foreclosure process. However, Canady said reports suggest it didn’t work as well as hoped, and the courts could no longer justify the system.
According to some homeowners facing foreclosure, lenders did not take the process seriously.
Foreclosures already in the mediation process will continue on that path as they work their way through the system. New foreclosure cases, however, will not be referred to mediation.
