Chapter 13 Mortgage Modification Mediation Program

The Chapter 13 Mortgage Modification Mediation Program is designed to help qualified Chapter 13 debtors renegotiate their mortgages and keep their homes.  The Program supplies an electronic portal that assists communication between debtors and lenders.  The details are set out in the Program document at the link below.

The Program is entirely voluntary:  both debtor and lender must consent to participate.  Debtors and lenders are also free to modify mortgage obligations without using the Program and the portal.  The Program simply provides parties with a new vehicle for doing so.

Debtors’ counsel who enter into the Court-Approved Retention Agreement and the new Addendum (Local Form 13-8.5) and who pursue a mortgage modification through the program will be presumptively entitled to additional flat fees as compensation.  The details of the compensation scheme are set out in the Program document at the link below.

Chapter 13 Mortgage Modification Mediation Program

Sample Notice of Intent to Participate (LMM Form 1)

Sample Debtor’s Certification of Readiness and Counsel’s Certification of Debtor’s Qualification (LMM Form 2)

Sample Agreed Order for Loan Modification Mediation (LMM Form 3)

Sample Joint Notice of Loan Modification (LMM Form 4)