New Loan Modification Mediation Program introduced in the U.S. Bankruptcy Court Southern District of Florida

On April 1, 2013, the U.S. Bankruptcy Court for the Southern District of Florida unveiled a new Loan Modification Mediation [LMM] Program through a Chapter 13 and Chapter 11 Bankruptcy.



If you have ever applied for a Loan Modification, you know how frustrating the loan modification process is. You are probably familiar with the the following situations:
 

1.      Dealing with multiple bank representatives and getting no results.

2.      Lost paperwork.

3.      Repeated request for the same documents over and over again.

4.      Modification Denials without giving a specific reason.

 

The New Loan Modification Mediation Program through a Chapter 13 and Chapter 11 Bankruptcy removes all of the above hurdles. This Program has been in use in the Orlando district and has had a 73% success rate. The possibility of getting a Loan Modification on your primary home or even an investment property is much greater through the Bankruptcy Court's LMM Program.

Here are some of the highlights of the LMM Program 

There is ACCOUNTABILITY, and a Bankruptcy Judge oversees the process. Here is what you get under this New Program:
 

1.      No more lost documents because all documents are uploaded on a Internet Portal for all parties to review and make a decision. Parties include the Lender, Homeowner, and the Mediator. The portal is safe, and the general public cannot access your personal information.

2.       The Bankruptcy Judge enters Orders where the duties of all parties are clearly spelled out, and if the parties [including the homeowner] fail to do what they are supposed to do, the Court can issue sanctions. 

3.      Banks have to mediate in “good faith” and have to give you a reason if they expect to deny the Loan Modification.

4.      You do not have to deal with multiple bank representatives. 

5.      The Mediator acts as a facilitator to help You in the Loan Modification process.

6.      If you are denied a Modification, you can have a second bite at the apple, and request another mediation if circumstances [financial] have changed.

7.      You are allowed to do a “short sale” of the property and waive the deficiency through this program.

8.      You can do a “deed in lieu of foreclosure” through this Program and be discharged from all liability on the mortgage.

YOU ARE QUALIFIED EVEN IF YOU HAVE FILED A PRIOR CHAPTER 7 OR A CHAPTER 13 BANKRUPTCY AND RECEIVED A DISCHARGE. 

Attorney Elias Leonard Dsouza concentrates his practice on Bankruptcy [Chapter 7, 13 & 11,] Foreclosure Defense, Defense of Credit Card Lawsuits, Credit Restoration, and Debt Settlement & Credit Counseling. Our office also handles complex Civil Litigation, Business & Corporate Transactions & Litigation, Employment Law, Collections, Creditor representation, Real estate transactions, Personal Injury, Family Law, Immigration, Landlord-Tenant law, Franchise Law, Tax Law and We Sue Debt Collectors under the Fair Debt Collection Practices.  

If you have questions on this Program, please call me at 954-358-5911.

MY MISSION:
I am very passionate about helping consumers protect their rights, and my goal is to compassionately and passionately help people reorganize their debts, help them keep all or most of their property, save their homes from Foreclosure, stop wage garnishments, and assist people to “get a fresh financial start”. I am available to assist and advise you on how to rebuild your credit and buy the new house or start the new business that you always wanted to. This is a small law firm, and as such, can and does provide personal service, professional representation, and follow up. If you would like to learn
more about your options, contact me as soon as possible for a FREE INITIAL CONSULTATION so
that I can assist you through these difficult times. I also offer an affordable payment plan for legal fees.

Elias Leonard Dsouza, Esq.
"The best compliment you could ever give me is a referral."
A CONSUMER RIGHTS PROTECTION LAW FIRM
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