As I've blogged about several times in the past, the Bankruptcy Court for the Eastern District of Wisconsin launched a mediation program about a year and a half ago to facilitate mortgage modifications and avoid the ever-growing number of foreclosures.
Judge Kelley advised us yesterday that there will be some modifications to the program effective December 1, 2012. Among the highlights:
- The mediator fee will increase from $125.00 to $200.00.
- Use of the DMM Portal will be made discretionary for creditors.
- Procedures will be in place to eliminate unnecessary status hearings.