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.
