AAA Solutions and Mediation Systems Design for Mortgage Foreclosure Disputes
The American Arbitration Association® (AAA®) has been selected by Florida’s Twelfth Judicial Circuit Chief Judge Charles E. Williams to serve as Program Manager for the new Residential Mortgage Mediation (RMM) program for Sarasota, Manatee and De Soto Counties.
Administrative Order 2016-5.1 provides that all residential foreclosures involving commercial mortgages subject to the provisions of the federal Truth in Lending Act, Regulation Z will be referred to the RMM Manager and homeowners will have the option to elect to participate in mediation to resolve mortgage related problems. Previously, under a Program established in December 2009 by Administrative Order #AOSC09-54 of the Florida Supreme Court, the AAA acted as Program Manager for select Judicial Circuits and processed and administered over 30,000 pre and post-suit case filings in an 18 month period. The AO created a mandate under which Program Managers provided Outreach Services to impacted homeowners, arranged for HUD or National Foreclosure Mitigation Counseling Program (NFMCP) approved Financial Counseling, and facilitated face-to-face mediation conferences between borrowers and lenders prior to summary judgments.
The AAA provided services in 3 of 20 of Florida’s Judicial Circuits, including the Circuit with the largest foreclosure caseload. In the three Circuits the AAA managed, the AAA was required to be fully operational within 60-90 days from award of contract. A condition met without delays.
In addition to the Residential Mortgage Mediation (RMM) Program in the Twelfth Judicial Circuit Court, the AAA offers residential mortgage foreclosure mediation systems design for Government Agencies, Courts and Lenders & Servicers, as well as mediation and arbitration of commercial mortgage disputes.
Residential Mortgage Mediation (RMM) in the Twelfth Judicial Circuit Court
American Arbitration Association (AAA) are working together to offer a Residential Mortgage Mediation Program for Homeowners and Lenders in the 12th Judicial Circuit of Florida. Our program is conducted in accordance with Administrative Order No.: 2016-5.1 issued by Chief Judge Charles E. Williams.
Foreclosure Resource Assistance Network Video, click here
Residential Mortgage Mediation (RMM) Program, Brochure