"I have worked with Lisa and her staff on two occasions when I needed financial help and received comprehensive, caring, through representation, almost like/family, I cannot say enough about them!!!!"
A legal instrument available for all cases of bankruptcy and all types of properties, mortgage modification mediation procedures allows a lender and a debtor in default to work out a mutually satisfying loan modification and repayment plan.
Relying on a mediator chosen by both sides, mediation proceedings are generally expected to conclude within 150 days (unless extended by both parties) and end in a signed agreement that outlines the provisions of the new loan. However, the modification must be approved by the Bankruptcy Court before it is binding and thus enforceable.
When successful, Mortgage Modification Mediation is a viable alternative to foreclosure. However, it does have specific requirements and can fail due to lender inflexibility or a variety of other factors. In mediation, the McCue Law Firm, ensures that all formal requirements and rules necessary for mortgage modification mediation procedures are adhered to, while the final proposal is drafted in a form that is acceptable for the Bankruptcy Court.
Christian and Lisa McCue are law graduates of the Nova Southeastern University, with over forty years of combined experience in handling legal affairs of others, especially in the most difficult areas of finance: Personal bankruptcies, mortgages, foreclosures, and corporate liquidation.
As a married couple, we understand the challenges that financial hardship can present for families. We focus on providing not only competent legal support, but also on helping you manage the emotional upheaval by taking the bulk of the burden off your shoulders.
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The length of the process is different for each situation. These days, it is rare to see foreclosures taking several years to complete like they did a few years back. With proper representation, however, most foreclosures today take anywhere from 1 year to 18 months from the first missed payment to the date of the auction.
Yes. The MMM Program is available to all debtors in the Bankruptcy Court for the Southern District of Florida. Of course, there are no guarantees the process will be successful. However, statistics show that the MMM Program is your best chance at saving your home through mortgage modification.
There are a lot of factors to consider. Do you owe more on your property than it is worth? Is there a second mortgage that may be strippable in Chapter 13? Can you afford to cure and maintain your mortgage in a Chapter 13 plan? These, and many more questions, will be discussed at the initial consultation with a McCue Law attorney before a decision like this would be made.
The McCue Law Firm is dedicated to helping clients throughout Broward County and Palm Beach County. Contact us with any inquiries or questions.
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