Any experience with MMM in FL BK courts?

[Andy Mirza]

We're in DD on a FL NPN and see that the borrower has requested and received Mortgage Modification Mediation in their Ch 13 BK in Florida's Southern BK court. I've done some online research and it looks like an easy way for a borrower/debtor to delay the FC process.

Anyone have experience with this and wouldn't mind sharing? 

@Chad U.?

[Andy Mirza]

@Account Closed After doing a little more research, the MMM program is in place in a lot more BK courts, although this is the first time I've seen it. I think Fl was first in 2014 and then other courts in other states have added the program since. Because participation in the program doesn't release a debtor from other obligations of being in BK, I don't think it's a great stall tactic. There are plenty of things a debtor can do to delay the process that doesn't include the work and effort of submitting a full loan mod package like the MMM requires.