04/09/2014
If you have been trying to do a Loan Modification and are frustrated with the process and getting no where and in need of filing a Bankruptcy, the Bankruptcy Court in the Middle District of Florida offers a MORTGAGE MODIFICATION MEDIATION Program.
Mortgage Mediation is available to Debtors within the Chapter 13, Chapter 7 and individual Chapter 11 cases. The real property must be residential; and, in most cases the real estate is the homestead of the debtors. Even if a debtor went through the mediation process in a state court foreclosure action, it will not rule out participation in Mortgage Mediation in the bankruptcy court. Nor will bankruptcy court-ordered mediation preclude state court foreclosure mediation.
Generally, the court will grant a motion for referral to mediation and direct the Debtor and Creditor to participate in Mortgage Mediation; and under some circumstances may appoint the mediator.