Agreed Order for Loan Modification Mediation

Official Procedure - Last Updated: February 09, 2022ClosedAuthor: Demetrius Ross

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Agreed Order for Loan Modification Mediation
Rules / Code / Resources

Fed.R.Bankr.P.

11 U.S.C. §

Local Rule

02/09/2022 - Created

Date Description
02/09/2022 Created

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 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.

On a motion by the creditor or debtor, after notice and hearing, the Court may approve an agreement to participate in the Loan Modification Mediation Program. Notice shall be given to creditors, the UST, the debtor and to any other entity as the Court may direct.

Chapter 13 Mortgage Modification Mediation Program pdf

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

 

Step-by-Step Procedures:

  1. Select Bankruptcy>Motions/Applications (Bk)

  2. Enter case number and click Next

  3. Select Agreed Order for Loan Modification Mediation from event pick list and click Next

  1. Select Party(s) from party pick list or Add/create new party, click Next

  2. The Attorney/Party Association screen may display.  If it does, click here. If not, click Next, and go to step 6

  1. The PDF Document selection page will display.

  2. Browse, View, and Attach, click Next

  3. The Hearing screen will display

  1. Click Next

  2. The Final Text screen will display. This is your final opportunity to modify the entry before submitting the filing. Click Next

  3. Verify the accuracy of the docket text.    If not correct,Closed click Bankruptcy to start over/if correct

  4. Click Next to complete the filing process

 

The Notice of Electronic Filling will display. It serves as verification that the filing has been sent electronically to the court.

 

Copies of this notice and the document filed are emailed to all participants who receive electronic notification in the case. You have a period of 15 days for a one time free look at the documents.