Mortgage Modification Mediation
The Bankruptcy Court offers Mortgage Modification Mediation for eligible Chapter 13 filers. Your mortgage payment is temporarily reduced to31% of your gross monthly income or 75% of your current mortgage payment, whichever is less, automatically when you file for Mortgage Modification Mediation. If your mortgage lender accepts mediation, you then meet with the mortgage company and a mediator to negotiate a permanent reduction in your mortgage payment. We will be there with you to represent you at the mediation meeting. If your mortgage lender does not accept mediation it must appear before the Judge to explain why.
This website does not create an attorney-client relationship. The information on this website does not constitute legal advice. You are urged to obtain the advice of an experienced bankruptcy attorney regarding your personal situation.