Further Tweaks to the MMMP

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.

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