Not that Delaware doesn't have an economic and political interest in derivative litigation following the financial crisis arising from High Finance's love affair with toxic mortgage-derived assets -- making money for lawyers, if not shareholders (see Citibank and AIG opinions, from the Court of Chancery).
But, apparently, the quaint folks down the hall at the Super Court think it might be more useful to local denizens, not to mention more politically correct for the Bidens of the world, to do their part on curtailing foreclosures ab initio.
Or, at the very least, to demand that homeowners be notified and offered a chance of negotiation before facing a default judgment and the sheriff's billy club. Cheers!
Unfortunately, mediation comes with a cap of settling debts at a monthly payment rate of no more than 38% of the unfortunate (fka) homeowner's pre-tax salary.
Wonder how helpful that is for the unemployed. Which, in Delaware, is likely.
