New Mortgage Modification Program ONLINE

The Northern District will be initiating a new mediation program for bankruptcy filers to have the Bankruptcy Court supervise their mortgage modification process.  This program is designed to function as a forum for individual debtors to explore mortgage modification options with their lenders for real property in which they have an interest or are obligated on the promissory note or mortgage. The goal of the MMM Program is to facilitate communication and exchange of information in a confidential setting and encourage the parties to finalize a feasible and beneficial agreement under the supervision of the United States Bankruptcy Court for the Northern District of California. Options available under the MMM Program include modification of a mortgage or surrender of real property owned by an individual debtor.




Is your lender losing your documents and failing to return your calls about your mortgage modification?  Thankfully, under the court program, available August 2015, the court will have information systems to facilitate communication between the lender and borrower (bankruptcy filer).   In addition, the lender will be accountable to the bankruptcy court for its compliance and good faith in adhering the mediation system.  Major mortgage lenders will be participating.  


Law Office of Jason Honaker will offer advocacy in mortgage modification mediation as a service for new and existing clients beginning in August 2015, once the court program is in place.