The California Motion For Referral To Mortgage Modification Mediation Program (MMM) is a program created by the California State Legislature to help homeowners facing foreclosure to enter into negotiations with their lenders to modify their mortgage terms. The program allows homeowners to submit a motion to the California Superior Court to refer their case to the MMM program. If the court grants the motion, the lender and homeowner will meet with a qualified third-party mediator, such as a lawyer, to negotiate the terms of a mortgage modification. The MMM program is free and is designed to help borrowers reach an agreement that is mutually beneficial to both parties. There are three types of California Motion For Referral To Mortgage Modification Mediation Program: the Standard Program, the Senior Program, and the Bankruptcy Program. The Standard Program is designed for borrowers who are not in bankruptcy and are seeking to modify their mortgage terms. The Senior Program is designed for borrowers who are 65 years or older and are seeking to modify their mortgage terms. The Bankruptcy Program is designed for borrowers who are in bankruptcy and are seeking to modify their mortgage terms.
California Motion For Referral To Mortgage Modification Mediation Program
State:
California
Control #:
CA-SKU-5521
Format:
PDF
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Description
Motion For Referral To Mortgage Modification Mediation Program
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