Bankruptcy Mandatory Mortgage Mediation: Two for the Price of One #5

This post is my 5th installment discussing the new South Florida bankruptcy mandatory mediation program.  What happens if the first bankruptcy mortgage mediation is unsuccessful or cannot be concluded with a firm offer to modify?  This could be due to a myriad of issues, such as documenting a recent change of income or expenses.  The new bankruptcy mediation program anticipates the possible need for a second meeting.  The mortgage mediation program requires a second session between the debtor, lender and mediator.

The mediator for a Broward County bankruptcy mediation receives a total fee of $600, split between the debtor and lender.  The fee covers both sessions.

 



Leave a Reply

Your email address will not be published. Required fields are marked *