Category Archives: Bankruptcy Mandatory Foreclosure Mediation

Bankruptcy Mandatory Mortgage Mediation: Another Chance #7

This 7th post is critical for numerous homeowners.  The Chapter 13 bankruptcy mandatory mediation program in South Florida can provide individuals another chance to save their home. The program can be utilized in a new chapter 13 case even if the debtor received a discharge in a prior chapter 7. The debtor can file a chapter 13 and require the lender to attend mediation even if the lender previously denied a modification. The homeowner can file a chapter 13 and obtain a court ordered mediation even if the debtor had defaulted under a prior modification.

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Bankruptcy Mandatory Mortgage Mediation: Banks Can’t Say Lost the Docs #6

Countless homeowners have had the frustration of sending required documents to the mortgage servicers only to be told the servicer never received the docs or cannot find them.  The owner might have proof of submission by fax or overnight delivery. No longer!   The new bankruptcy mediation program will solve the problem of the servicer losing documents. How is this possible?  The bankruptcy mediation program will use an online portal.  Documents will be uploaded through this portal which the servicer receives.  The debtor will have a record of all uploaded documents.  The mediator also has access to the portal. This portal is not new for modifications, but the system has been updated to accommodate the needs of the new bankruptcy mandatory mediation program for the Southern District of Florida.  The Middle District of Florida program, which claims a 76% success rate, did not have the benefit of this online portal. (Note the program applies to a Miami…
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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.  

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