Federal Mortgage Modification Mediation Program.
Effective January 1, 2015, the Federal Bankruptcy Courts now offer a Mortgage Modification Mediation (MMM) Program. Our office is now ready to assist clients with this new process. This process stops the foreclosure process and gives you an opportunity to keep your home. This alternative method of resolving disputes is intended to help you stay in your home. With the help of trained mediators, the parties sit down to discuss various options, including loan modification, short sale, and deed in lieu of foreclosure. Participating in mediation has many advantages. It is fast, less expensive than formal litigation, and provides a flexibility that the formal court processes do not offer.
Because this is a federal program supervised by the courts, time restrictions, clarity and accountability are guaranteed for your loan modification. This program applies to all bankruptcy Chapter 13 and all types of real property, commercial and residential. MMM has streamlined the modification process to reduce costs, save time, and make it easier for the parties to facilitate a loan modification.
We help you prepare the documents required by the program to ensure that you get the best result possible. Our team of professionals has successfully helped hundreds of homeowners with loan modifications, short sales, and other foreclosure alternatives. Let our experience work for you. If you have received a Notice of Default from your lender- don’t delay, act now before you lose your home!