Financial Tips

Florida's New Foreclosure Fix: Pre-File Mediation

Tallahassee, Fla.- The Collins Center's successful mortgage mediation program is expanding to include pre-file foreclosure cases. The new pre-file program is available to certain homeowners with delinquent and defaulted mortgages that are approaching the foreclosure filing stage.


"This pre-file program is a game changer," said Ned Pope, director of the program. "We're bringing together homeowners and mortgage lenders before a foreclosure filing, saving homeowners, lenders, and our overburdened state courts time and money."


Fannie Mae has mandated that its servicers participate in pre-file mediation on its Florida loans that are eligible for the program. As a result of various court administrative orders, a loan is eligible for the Collins Center's Fannie Mae pre-file mediation program if the property is homesteaded and located in one of the judicial circuits in which the Collins Center also performs post-file mediations.


How Pre-File Mediation Works:


The Pre-Filing Mortgage Mediation program will be initiated by the lender upon the 65th day of delinquency, at which point the lender will refer the loan to the Collins Center for a determination of the loan's eligibility for the pre-file program. If eligible, the Collins Center arranges financial counseling for the homeowner and schedules a mediation appointment with the homeowner and the lender's representative. The mediation sessions are facilitated by civil court certified mediators.


About the Collins Center's Mortgage Foreclosure Mediation Program:


The Collins Center for Public Policy is a statewide nonprofit organization. It also manages foreclosure mediation programs in the 1st, 10th, 11th, 12th, 14th, and 19th judicial circuits.  Since the Center's foreclosure mediation program began in March 2009, the Center has managed more than 11,000 mediations. The post-file mediation program will continue in concert with the new pre-file program, operating in the same judicial circuits, with no up-front costs to borrowers or to Florida taxpayers.


"The foreclosure crisis hit our state like a ton of bricks," said Rod Petrey, President of the Collins Center. "Through this innovative program we will reduce the amount of foreclosure filings in our state and give more Floridians an opportunity to try to stay in their home."


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November Financial Tip: Here Come the Holidays

By Lisa Rogers-Cherry
The holidays are right around the corner. If you haven’t started planning already, begin making your lists right now!  Pay attention to sales ads and start making purchases for your Thanksgiving Dinner. Last year, I found our turkeys on sale for five cents a pound and was able to buy a few extra for family and friends.  Invite family and friends to have dinner with you and don’t be shy when they ask what they should bring.  Even the ones who don’t cook can stop and pick up desserts and drinks. Every little bit helps. Enjoy your dinner and start preparing for Christmas!


Lisa Rogers-Cherry is the author of Lifting the Burdens of Debt:  A Helpful Guide to Getting Your Debts Paid and Your Life Back on Track (2005; $14.95). Lisa writes monthly financial tips for and writes articles for various newpapers and magazines.  If you have a question or for more information go to, e-mail her at [email protected], or write Lisa Rogers-Cherry, Red Pen Press, P. O. Box 1196, Dania Beach, FL 33004.